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CFC
(redirected from CFCs)

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
CFC

Controlled Foreign Corporation
A company registered in and regulated by a foreign country that has at least 50% American ownership. Setting up a corporation in a foreign country may have tax advantages; for example, a country may encourage companies to register in it by having no corporate tax. The IRS works within the context of foreign treaties to determine how earnings from controlled foreign corporations are taxed in the United States.


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The chemicals known as CFCs strongly absorb infrared light at characteristic wavelengths, making them detectable in the atmosphere even when present at concentrations of only parts per trillion.
Before the Montreal Protocol was signed in 1987, CFCs were widely used in air conditioning and refrigeration units, just as HFCs are today With rising affluence in Asia contributing to a spike in air conditioning, HFCs are more prevalent than ever.
At the time, CFCs were widely used in spray cans and as coolants in refrigerators and air conditioners.
 
 
 
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