MLchartDataset catalogue

Subpart F income

Term · Insurance and risk management · MLC-T-INS-003224

A category of passive or easily movable income earned by a controlled foreign corporation (CFC) that is immediately taxable to its U.S. shareholders, regardless of whether it is distributed. This provision of the U.S. tax code, specifically sections 951-965, aims to prevent U.S. companies from deferring U.S. taxes by accumulating certain types of income in offshore subsidiaries. Examples include passive income like interest, dividends, rents, and royalties, as well as certain sales and services income.

Table 1. Record
IdentifierMLC-T-INS-003224
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003224",
  "term": "Subpart F income",
  "field": "Insurance and risk management",
  "definition": "A category of passive or easily movable income earned by a controlled foreign corporation (CFC) that is immediately taxable to its U.S. shareholders, regardless of whether it is distributed. This provision of the U.S. tax code, specifically sections 951-965, aims to prevent U.S. companies from deferring U.S. taxes by accumulating certain types of income in offshore subsidiaries. Examples include passive income like interest, dividends, rents, and royalties, as well as certain sales and services income.",
  "url": "https://mlchart.com/terminology/insurance/subpart-f-income/"
}

Record 3,280 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.