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CFC
(redirected from chlorofluorocarbon)

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia, Hutchinson 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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However, the specified test to verify conformance (D2042, Test Method for Solubility of Asphalt Materials in Trichloroethylene) is now rarely used because trichloroethylene is a chlorofluorocarbon (CFC) banned by the Kyoto treaty.
The study by the National Oceanographic and Atmospheric Agency said efforts to reduce chlorofluorocarbons (CFCs) in the atmosphere over the past two decades were "an environmental success story.
ISLAMABAD, 06 June, 2009 (Balochistan Times) --Ministry of Environment, in collaboration with its partners is holding a Stakeholders Workshop on Hydro Chlorofluorocarbons (HCFC) on Monday.
 
 
 
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