Controlled Foreign Corporation Rules

GPTKB entity

Predicate	Object
gptkbp:instanceOf	Tax Regulation
gptkbp:affects	Shareholders of Foreign Corporations
gptkbp:appliesTo	Multinational Corporations
gptkbp:defines	Rules that attribute income of foreign subsidiaries to their domestic parent companies for tax purposes
gptkbp:enforcedBy	Tax Authorities
gptkbp:establishedBy	gptkb:United_States_Internal_Revenue_Code
gptkbp:establishedIn	1962
gptkbp:excludes	Active Business Income High-Tax Exception
https://www.w3.org/2000/01/rdf-schema#label	Controlled Foreign Corporation Rules
gptkbp:penalty	Criminal Prosecution Interest Charges Tax Penalties
gptkbp:purpose	Prevent Tax Avoidance
gptkbp:relatedTo	gptkb:Base_Erosion_and_Profit_Shifting gptkb:Anti-Deferral_Rules gptkb:Global_Intangible_Low-Taxed_Income gptkb:Subpart_F_Income OECD Guidelines Tax Haven Transfer Pricing
gptkbp:reportsTo	Form 5471 (U.S.)
gptkbp:section	IRC Section 951-965
gptkbp:thresholdOwnership	More than 50% ownership by U.S. shareholders
gptkbp:usedIn	gptkb:Australia gptkb:Canada gptkb:Germany gptkb:Japan gptkb:United_Kingdom gptkb:United_States
gptkbp:bfsParent	gptkb:US_Taxation_of_International_Income
gptkbp:bfsLayer	7