IRS: Transactions of Foreign-Owned Domestic Corporations 2012
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.
Robert Robillard, Ph.D., CPA, CGA, MBA, M.Sc. Econ.
Senior Partner, DRTP Consulting Inc.
514-742-8086; robertrobillard “at” drtp.ca
The convergence of DRTP Consulting’s tax, accounting and economics expertise makes a difference. The information in this blog post is general information only. Data and information come from sources believed to be reliable but complete accuracy cannot be guaranteed. DRTP Consulting Inc. or the author are not responsible or liable for any error, omission or inaccuracy in such information. The opinions expressed in this blogpost are those of the author. Readers should seek advice and counsel from DRTP Consulting Inc. as required.