Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,668,607 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Passive Foreign Investment Company
(redirected from Passive Foreign Investment Companies)

    Also found in: 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.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
He advised both National Office attorneys, IRS field attorneys, and attorneys in the Department of Justice on a broad range of international issues including foreign tax credits, foreign currency issues, subpart F and passive foreign investment companies, dual resident companies, hybrid financial instruments, partnership allocation issues and many other matters.
Philip Garlett, Partner, Burt, Staples & Maner, LLP to Speak at KC's ... by PR.com (Press Releases)
do not anticipate making year-end ordinary income distributions in 2008 due to losses in foreign securities classified as passive foreign investment companies that were held by each of these funds.
Cohen & Steers Announces 2008 Year-End Distribution Information for ... by PR Newswire
Under Internal Revenue Code section 904(d)(1)(E), dividends paid by 10/50 corporations that are not passive foreign investment companies (PFICs) are treated in the aggregate as a separate category of income and are placed in this basket.
Corporate foreign tax credit, 2003 by Singmaster, Robert / Statistics of Income. SOI Bulletin
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.