Transcription of LIMITED RISK DISTRIBUTOR
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LIMITED RISK DISTRIBUTOR
National borders are becoming increasingly irrelevant to the commercial conduct of a business, although tax barriers often put a constraint on international trading. The LIMITED risk DISTRIBUTOR (LRD) is a widely used supply chain concept for optimising the tax position within a trading strategy. A LRD is a buy-sell DISTRIBUTOR who distributes products in its own name and for its own account for a principal company under an arrangement in which most risks are borne by the principal and only LIMITED risks are borne by the LRD. In common law jurisdictions, where a commissionaire is generally not considered an independent party and is considered to bind the principal, the contractual concept of stripping a DISTRIBUTOR from its functions and risks aims at minimizing taxable profits in the distributing country.
National borders are becoming increasingly irrelevant to the commercial conduct of a business, although tax barriers often put a constraint on international trading.
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