MLchartDataset catalogue

Controlled foreign corporation (CFC)

Term · Insurance and risk management · MLC-T-INS-000964

A foreign corporation in which U.S. shareholders own more than 50% of the voting power or value of the stock. U.S. tax law requires these shareholders to include certain types of the CFC's income, known as 'Subpart F income,' in their gross income, even if it is not distributed. This rule prevents U.S. taxpayers from deferring income by accumulating it in foreign corporations.

Table 1. Record
IdentifierMLC-T-INS-000964
FieldInsurance and risk management
AbbreviationCFC
Record as JSON 
{
  "id": "MLC-T-INS-000964",
  "term": "Controlled foreign corporation (CFC)",
  "field": "Insurance and risk management",
  "definition": "A foreign corporation in which U.S. shareholders own more than 50% of the voting power or value of the stock. U.S. tax law requires these shareholders to include certain types of the CFC's income, known as 'Subpart F income,' in their gross income, even if it is not distributed. This rule prevents U.S. taxpayers from deferring income by accumulating it in foreign corporations.",
  "abbreviation": "CFC",
  "url": "https://mlchart.com/terminology/insurance/controlled-foreign-corporation-cfc/"
}

Record 779 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.