For example , several countries , notably Cyprus , Luxembourg , Netherlands and Spain , have enacted holding company regimes that exclude from income dividends from certain foreign subsidiaries of corporations .
Many systems provide for specific exclusions from taxable ( chargeable ) income .
Several countries , notably Cyprus , Luxembourg , Netherlands and Spain , have enacted holding company regimes that exclude from income dividends from certain foreign subsidiaries of corporations .
Many systems provide for specific exclusions from taxable ( chargeable ) income .