The IRS recently released the statistics on transactions of foreign-owned domestic corporations (that is, from Form 5472 – Information Return of a Foreign Owned Corporation).
1,140 returns were filed in 2012, most of them in the manufacturing and wholesale trade industrial sectors.
The total number of foreign-related persons amounted to 25,989.
Canada represents approximately 8 % of those foreign-related persons and approximately 12 % of the total amount.
Europe accounts for over 60 % of the total amount and just under 40 % of the number of foreign-related persons.
The complete statistics for 2012 and historical stats are available here.
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- Posted by Robert Robillard
- On 10 December 2015
- 0 Comments
- Form 5472 - Information Return of a Foreign Owned Corporation, Transactions of Foreign-Owned Domestic Corporations 2012