CFC

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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.
References in periodicals archive ?
And to CFC smugglers, we say: We're going to find you.
Con Edison has been watching the marketplace and realizes the real estate industry has not reacted to CFC changeover as much as might have been expected.
These systems have either been replaced or retrofitted so they no longer use CFCs.
Advancements in polyol technology to accommodate CFC replacement and new foaming equipment technologies are a dominant theme of the papers on flexible foams.
A CFC changing to the required tax year, a 52-53-week tax year referencing such required year, the one-month deferral year or a 52-53-week year referencing the one-month deferral year, is not required to file Form 1128.
But if a cheap CFC destruction method becomes available, perhaps they will switch sooner.
shareholder status with respect to a CFC -- is not included in the proposed regulations.
954(c)(6) can cause double counting of E&P for related CFCs that have inter-company loan transactions, if the CFC obligor accrues (but does not pay) related-party interest on the loan transaction (due to the interaction of the provision with Sec.
The project stems from China's bid to join the Montreal Protocol on Substances That Deplete the Ozone Layer, an international treaty intended to protect the stratospheric ozone layer from further damage by compounds such as CFCs.
Now, NASA researchers say they have collected evidence that points a definitive finger at CFCs.
Of the 13 Percent contributed by CFCs and HFCs, governments are trying to reduce this amount to 1 percent.
The perfluorinated hydrocarbons apparently work with both CFCs and HCFCs 123 and 141b.