Other Anti-deferral Measures
Several countries have adopted other measures aimed at preventing artificial deferral of passive or investment income. The U.S. Passive Foreign Investment Company (PFIC) require that shareholders in foreign mutual funds must include in their current taxable income their share of ordinary income and capital gains, or face a tax-and-interest regime.
Read more about this topic: Controlled Foreign Corporation
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“There are other measures of self-respect for a man, than the number of clean shirts he puts on every day.”
—Ralph Waldo Emerson (1803–1882)