MLchartDataset catalogue

Noncontrolled foreign corporation (NCFC)

Term · Insurance and risk management · MLC-T-INS-002328

A foreign corporation in which United States shareholders own less than 50 percent of the total combined voting power or value of its stock. Unlike controlled foreign corporations, the income of an NCFC is generally not subject to immediate U.S. taxation for its U.S. shareholders. This distinction impacts tax planning and risk management for international operations.

Table 1. Record
IdentifierMLC-T-INS-002328
FieldInsurance and risk management
AbbreviationNCFC
Record as JSON 
{
  "id": "MLC-T-INS-002328",
  "term": "Noncontrolled foreign corporation (NCFC)",
  "field": "Insurance and risk management",
  "definition": "A foreign corporation in which United States shareholders own less than 50 percent of the total combined voting power or value of its stock. Unlike controlled foreign corporations, the income of an NCFC is generally not subject to immediate U.S. taxation for its U.S. shareholders. This distinction impacts tax planning and risk management for international operations.",
  "abbreviation": "NCFC",
  "url": "https://mlchart.com/terminology/insurance/noncontrolled-foreign-corporation-ncfc/"
}

Record 2,301 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.