Affiliate


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Related to Affiliate: Affiliate programs

Affiliate

Relationship between two companies when one company owns substantial interest, but less than a majority of the voting stock of another company, or when two companies are both subsidiaries of a third company. See: Subsidiaries, parent company.

Affiliate

1. A company that owns a minority interest in another company. This gives the first company a degree of control over the second, but not enough to make it a full-fledged subsidiary.

2. One of two companies that have a structural relationship with each other. For example, both companies may be subsidiaries of the same parent company.

affiliate

An organization that is related to another organization through some type of control or ownership. For example, a U.S.-based company may have a foreign affiliate that handles overseas sales.
References in periodicals archive ?
Section 93 provides for an election, which applies automatically in some circumstances, to treat a portion of the proceeds of disposition of a foreign affiliate as a dividend from exempt or taxable surplus rather than as proceeds of disposition.
This counselor may contact the affiliate who will provide whatever assistance the counselor requests.
the potential to create FAPI on certain subsection 88(3) liquidations of a foreign affiliate into its Canadian shareholder;
In the Institute's submissions on the foreign affiliate reporting rules, we have emphasized three broad taxpayer goals for the legislation: The rules must be administrable; they should avoid imposing substantial new reporting burdens where the information is generally available on audit; and finally, appropriate relief provisions are necessary because no matter how fair and well-crafted the rules, unique facts and circumstances exist (or will arise) that will preclude some taxpayers from fully complying with the requirements.
The penalty ranges from a minimum of $500 per month (to a total of 24 months) to a maximum of 10 percent of the filer's cost of shares or debts issued by the foreign affiliate, less penalties otherwise determined.
One exception to the definition of "investment business" in subsection 95(1) includes a requirement that the foreign affiliate employ more than five persons whose full-time duties are devoted to the active conduct of the business.