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Passive Foreign Investment Company
(redirected from PFIC)

   Also found in: Acronyms, Wikipedia 0.01 sec.
Passive Foreign Investment Company
A company based in a foreign country where either at least 75% of its income comes from passive sources, such as rent or dividend, or at least 50% of its assets carry dividends or interest. PFICs are subject to strict tax guidelines in the United States that intend to discourage investment by Americans. See also: Income test, Asset test.


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person who directly or indirectly owns stock in the CFC or PFIC.
A foreign corporation will be classified as a PFIC if it satisfies an income test or an asset test.
Bile salt export pump is highly conserved during vertebrate evolution and its expression is inhibited by PFIC type II mutations.
 
 
 
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