foreign corporation

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Foreign corporation

A corporation conducting business in another country from the one it is chartered in and that abides by the laws of another country. See: Alien corporation.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Foreign Corporation

A corporation that operates in one country but was organized and is based in a different country. Foreign corporations must abide by domestic regulations and business practices, but may (or may not, depending on the specific organization) submit their profits to shareholders in the home country. Many corporations operate in multiple countries, and are considered foreign corporations in each country except the home country. See also: Domestic corporation, International corporation.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

foreign corporation

A firm that conducts business in states or countries other than the state or country in which it is incorporated. For example, a firm incorporated in Canada but conducting business throughout North America is considered a foreign corporation in the United States. Compare domestic corporation.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

foreign corporation

Any corporation organized under the laws of another state or country. Foreign corporations may sue and be sued in the courts of a state only if they are registered and licensed in that state.Normally,if a foreign corporation does business in a state without registration, it may not use the courts of the state to sue the defaulting party.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.

Foreign Corporation

A corporation not organized under the laws of one of the states or territories of the United States.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
A rep office is a mere extension of the foreign corporation. It is not required to have directors or officers separate and distinct from the head office.
4) Due to the existence of the upper-tier foreign corporations, as of the date of the of the grantor's demise, the estate tax is avoided.
Persons With Respect to Certain Foreign Corporations. The IRS has stringent standards to determine when a Form 5471 is substantially complete and thus not subject to the $10,000 penalty (discussed below) under Sec.
Complex rules that define and govern foreign personal holding companies, controlled foreign corporations, passive foreign investment companies and foreign sales corporations have been adopted to prevent the avoidance or significant deferral of U.S.
Foreign corporations in the finance, insurance, real estate, and rental and leasing sector held 42.5 percent of total CFC assets ($3.9 trillion), while generating only 9.4 percent of total CFC receipts ($356.0 billion) and 16.0 percent of total CFC E&P (less deficit) before income taxes ($57.9 billion).
(19) More specifically, the article proposes measures that provide foreign corporations operating through U.S.
If a foreign corporation (established in a qualifying jurisdiction that met a number of requirements) elected FSC treatment, a portion of the income earned from export sales was exempt from U.S.
If a foreign corporation is characterized as a PFIC, its U.S.
The book income adjustment is an important concern for foreign corporations. For taxable years beginning in 1987, 1988 and 1989, this adjustment is computed by taking 50% of the excess of the corporation's "adjusted net book income" over AMTI calculated before this adjustment.
Code Sections 18662 and 18666 require certain taxpayers to withhold income or franchise taxes from payments and distributions made to foreign corporations or partnerships.

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