Foreign branch

Foreign branch

A foreign affiliate that is legally a part of the firm. According to the U.S. tax code, foreign branch income is taxed as it is earned in the foreign country.

Foreign Branch

A branch of a foreign company that operates in the United States, or a branch of an American company operating outside the U.S. In both cases, the branch is legally part of the company and is not its own entity. Each type of foreign branch is subject to special tax considerations.
References in periodicals archive ?
Services include registering nurseries, registering a local association, registering a foreign branch association, issuing a replacement for lost certificate, amending the statute, facilitating foreign associations 'access to customs and tax exemption, enabling the foreign association to open a bank account, and facilitating foreign associations' work permits for employees and volunteers.
Section 14302 of the Act created a new separate foreign tax credit limitation basket for "foreign branch income," which is defined as the business profits of a U.S.
So, as a part of our foreign branch rationalisation, we have closed about six branches already in the last two years.
The bank said, 'As part of our foreign branch rationalisation, we have closed about six branches already in the last two years.
The bank started operating on the Belgian market two years ago as a foreign branch of Malta-based Mediterranean Bank.
Under new rules, foreign banks may choose from three modes of entry into the local market, namely setting up a foreign branch, acquiring existing institutions, and incorporating an entirely new company.
Espenilla said the minimum capital requirement for a foreign branch is P2 billion.
Establishing a foreign branch office is another popular route to incorporating an onshore commercial presence in the UAE.
The shares are held by a foreign branch of an international bank.
corporation may decide initially to run its foreign operations in branch form if those operations are loss-making and later incorporate the foreign branch when it becomes profitable.
Alongside the German market, the company also has operations in more than 130 countries through foreign branch offices, subsidiary and peer companies, and network partners.
These negotiations apply to all personnel in Finland, as well as to employees in foreign offices who are employed by Finnish companies or their foreign branch offices.

Full browser ?