controlled foreign corporation rules
Controlled foreign corporation rules refer to the tax regulations and provisions set by a country that apply to companies incorporated in foreign jurisdictions but controlled by its residents or citizens. These rules aim to prevent tax avoidance by requiring the reporting and taxation of the foreign corporation's profits or assets on the resident's home country tax return.
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Similar Concepts
- controlled foreign corporation (cfc) rules
- controlled foreign corporations (cfcs)
- foreign account tax compliance act (fatca)
- foreign corrupt practices act (fcpa) compliance
- foreign investment tax shelters
- foreign tax credit
- foreign tax credits
- import/export regulations
- international regulations
- jurisdictional rules
- taxation of cross-border transactions
- taxation of foreign income
- taxation of foreign-source income
- taxation of multinational corporations
- trade rules and regulations