controlled foreign corporation (CFC) |
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Definition
US designation for a foreign (alien) firm considered a reporting entity by the internal revenue agency (IRA) because 10 percent or more of its total stock, or 50 percent or more of its total voting stock, or 10 percent of more of its voting control is owned by US stockholder(s).
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controlled foreign corporation (CFC) is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
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