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:

    Him the Almighty Power
    Hurld headlong flaming from th’ Ethereal Skie
    With hideous ruine and combustion down
    To bottomless perdition, there to dwell
    In Adamantine Chains and penal Fire,
    Who durst defie th’ Omnipotent to Arms.
    Nine times the Space that measures Day and Night
    To mortal men, he with his horrid crew
    Lay vanquisht, rowling in the fiery Gulfe
    John Milton (1608–1674)