Controlled Foreign Corporation - Other Anti-deferral Measures

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

Famous quotes containing the word measures:

    A lake is the landscape’s most beautiful and expressive feature. It is earth’s eye; looking into which the beholder measures the depth of his own nature. The fluviatile trees next the shore are the slender eyelashes which fringe it, and the wooded hills and cliffs around are its overhanging brows.
    Henry David Thoreau (1817–1862)