85.6 17 To foreign parent groups of U.S. affiliates
parent companies to their foreign affiliates (intrafirm exports related to outward direct investment), with sales by U.S. affiliates
of foreign companies to their foreign parent groups (intrafirm exports related to inward direct investment) accounting for only a little over one-quarter of the total.
For example, if an Irish company owned by a Japanese parent borrowed funds on the Eurodollar market from unrelated lenders and loaned the funds to a U.S. affiliate
, recharacterization under the conduit regulations may permit the unrelated customers to claim that they qualify for the PIE as though the payment were made directly by the U.S.
This suggests that new U.S. affiliates
of foreign parents suffer a higher failure rate than more established U.S.
* Exports of goods by U.S. affiliates
were $352.8 billion, down $70.3 billion, or 16.6 percent, from $423.1 billion in 2014.
technology transferred abroad through U.S. affiliates
. More recently, the Netherlands, France and japan have become increasingly important.
parents decreased from 15.1 percent in 1982 to 14.8 percent in 2014 (the latest year for which detailed statistics are available), while the share attributable to foreign parent groups of U.S. affiliates
decreased from 7.2 percent in 1982 to 7.0 percent in 2014.
* The current-dollar value added of U.S. affiliates
was $869.1 billion, a 3.2 percent increase from 2013.
parent companies and majority-owned U.S. affiliates
that engage in both R&D and trade in innovation-related services.
parent and U.S. affiliate
claims, and liabilities include U.S.
Net payments of direct investment income to foreign parents (sales by their U.S. affiliates
net of costs and profits accruing to U.S.
parents' claims 695,861 5 U.S. affiliates
' claims 367,267 6 Less: Adjustments to convert to directional basis 810,030 7 U.S.