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.

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.

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.

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.

Foreign Corporation

A corporation not organized under the laws of one of the states or territories of the United States.

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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.

Doing business with residents agents

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.

International Tax and Estate Planning: Use of Check-the-Box Election in the Foreign Corporate-Trust Context

Figure 1: Tax considerations for ownership of investments in foreign corporations by U.S.

After Tax Reform, Don't Always Think Outside the Box: Reevaluate whether existing foreign investment holdings continue to be tax-efficient and consider reorganizing them

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.

Form 5471 substantial compliance: what does it mean and why is it critical?

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.

Foreian fees: navigating complex rules regarding fees paid by U.S. entities

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).

Controlled foreign corporations, 2004

Another change for business applies to controlled foreign corporations (CFCs).

TIPRA: what it does ... and does not cover; The Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA) was signed into law this May. Financial Executives Research Foundation (FERF) summarizes the Act's key elements and its impact on and implications for corporations

(19) More specifically, the article proposes measures that provide foreign corporations operating through U.S.

Reforming the branch profits tax to advance neutrality

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.

U.S. export rules in question; dispute over international trade agreements continues

If a foreign corporation is characterized as a PFIC, its U.S.

Rules and regs for passive foreign investment companies

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.

Alternative minimum tax and foreign corporations

Code Sections 18662 and 18666 require certain taxpayers to withhold income or franchise taxes from payments and distributions made to foreign corporations or partnerships.

Water's-edge election: effectively connected income and the 20% rule in California