USA CFC Rules: Are They Worth Their Weight in Taxes?
Short answer: it depends…
According to the latest SOI Tax Stats – SOI Bulletin: Summer 2015:
“Foreign-controlled domestic corporations (83,814) made up 1.4 percent of all Federal income tax returns filed by U.S. corporations for tax year 2012. Collectively, these corporations accounted for $4.7 trillion of the total receipts (16.1 percent) and $12.3 trillion of the assets (14.5 percent) reported for the year.”
No data on the compliance costs related to these rules is made available…
See more USA’S international business tax statistics here.
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