controlled foreign corporation


controlled foreign corporation
Any foreign corporation in which more than 50 percent of the total combined voting power of all classes of stock entitled to vote or the total value of the stock of the corporation is owned by "U.S. shareholders" on any day during the taxable year of the foreign corporation. For purposes of this definition, a U.S. shareholder is any U.S. person who owns, or is considered as owning, 10 percent or more of the total combined voting power of all classes of voting stock of the foreign corporation. Stock owned directly, indirectly, and constructively is used in this measure

Black's law dictionary. . 1990.

Look at other dictionaries:

  • controlled foreign corporation — (CFC) USA A foreign corporation in which more than 50% of the total combined voting power of its stock or the total value of its stock is owned by United States Shareholders (defined as a United States person (IRC § 957(c)) who owns 10% or more… …   Law dictionary

  • Controlled Foreign Corporation — Taxation An aspect of fiscal policy …   Wikipedia

  • controlled foreign corporation — Any foreign corporation in which more than 50 percent of the total combined voting power of all classes of stock entitled to vote or the total value of the stock of the corporation is owned by U.S. shareholders on any day during the taxable year… …   Black's law dictionary

  • controlled foreign corporation — ( CFC) A foreign corporation whose voting stock is more than 50% owned by US stockholders, each of whom owns at least 10% of the voting power. Bloomberg Financial Dictionary …   Financial and business terms

  • Controlled Foreign Corporation - CFC — A corporate entity that is registered and conducts business in a different jurisdiction or country than the residency of the controlling owners. Control of the foreign company is defined, in the U.S., according to the percentage of shares owned… …   Investment dictionary

  • Controlled foreign corporation (CFC) — A foreign corporation whose voting stock is more than 50% owned by U.S. stockholders, each of whom owns at least 10% of the voting power. The New York Times Financial Glossary …   Financial and business terms

  • foreign corporation — Domestic and foreign corporations. With reference to the laws and the courts of any given state, a domestic corporation is one created by, or organized under, the laws of that state; a foreign corporation is one created by or under the laws of… …   Black's law dictionary

  • foreign corporation — Domestic and foreign corporations. With reference to the laws and the courts of any given state, a domestic corporation is one created by, or organized under, the laws of that state; a foreign corporation is one created by or under the laws of… …   Black's law dictionary

  • controlled foreign company — (CFC) A company that is: • Resident outside the UK; • Controlled by persons resident in the UK; and • Subject to a lower level of taxation in the territory in which it is resident. Set out in Chapter IV of Part XVII of the Income and Corporation …   Law dictionary

  • Corporation — This article is about business corporations. For other uses, see Corporation (disambiguation). Corporate redirects here. For the Bollywood film, see Corporate (film). A corporation is created under the laws of a state as a separate legal entity… …   Wikipedia


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