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:
“It seems that American patriotism measures itself against an outcast group. The right Americans are the right Americans because they’re not like the wrong Americans, who are not really Americans.”
—Eric J. Hobsbawm (b. 1917)