CFC definition: Copy, customize, and use instantly
Introduction
The term "CFC" stands for "Controlled Foreign Corporation," which refers to a foreign corporation in which U.S. shareholders hold more than 50% of the voting power or stock value. CFCs are relevant in tax law, as the U.S. taxes certain income earned by CFCs, especially when such income is not repatriated to the U.S. This term is crucial for understanding the tax obligations of U.S. shareholders in foreign corporations and the rules governing the taxation of foreign earnings.
Below are various examples of how "CFC" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "CFC" as a tax-related entity
This definition ties "CFC" to its significance in tax law.
"CFC" means a Controlled Foreign Corporation, which refers to a foreign corporation where more than 50% of its stock is owned by U.S. shareholders, subject to specific U.S. tax rules regarding foreign income.
Definition of "CFC" as a foreign corporation under U.S. tax law
This definition connects "CFC" to its role in U.S. tax law.
"CFC" refers to a foreign corporation that is controlled by U.S. shareholders, meaning more than 50% of the voting power or stock value is held by U.S. persons, and is subject to U.S. tax regulations on income.
Definition of "CFC" as a foreign company with U.S. ownership
This definition links "CFC" to foreign companies with U.S. ownership.
"CFC" means a foreign corporation in which U.S. shareholders own more than 50% of the total combined voting power or stock value, triggering U.S. tax implications under specific conditions.
Definition of "CFC" as a tax classification for foreign corporations
This definition applies "CFC" to a specific tax classification.
"CFC" refers to a foreign corporation that qualifies under U.S. tax law, where more than 50% of its voting stock or value is owned by U.S. persons, and is taxed according to the rules governing foreign income.
Definition of "CFC" as a foreign entity under U.S. tax code
This definition ties "CFC" to the U.S. tax code.
"CFC" means a foreign corporation defined under the U.S. tax code, controlled by U.S. shareholders owning more than 50% of the voting power or stock value, and subject to U.S. tax laws on foreign earnings.
Definition of "CFC" as a controlled foreign corporation for U.S. shareholders
This definition connects "CFC" to its role for U.S. shareholders.
"CFC" refers to a foreign corporation controlled by U.S. shareholders, who own more than 50% of the corporation's voting stock or value, triggering specific tax responsibilities under U.S. law.
Definition of "CFC" as a foreign entity subject to U.S. taxation
This definition links "CFC" to its tax obligations in the U.S.
"CFC" means a foreign corporation subject to U.S. taxation, where U.S. shareholders own more than 50% of the corporation's voting power or stock value, leading to U.S. tax obligations on foreign income.
Definition of "CFC" as a corporation with significant U.S. shareholder control
This definition ties "CFC" to the degree of U.S. shareholder control.
"CFC" refers to a foreign corporation where U.S. shareholders own more than 50% of the voting shares or value, making it subject to special U.S. tax rules on foreign earnings.
Definition of "CFC" as a foreign company controlled by U.S. persons
This definition connects "CFC" to foreign companies controlled by U.S. persons.
"CFC" means a foreign corporation controlled by U.S. persons, who own more than 50% of the corporation’s stock or voting power, and are required to comply with U.S. tax regulations on foreign income.
Definition of "CFC" as a corporation controlled by U.S. shareholders with tax consequences
This definition links "CFC" to tax consequences for U.S. shareholders.
"CFC" refers to a foreign corporation that is controlled by U.S. shareholders, who own more than 50% of its stock or voting power, triggering tax consequences under U.S. tax law for any unreturned foreign income.
Definition of "CFC" as a foreign corporation that is tax-reportable to U.S. authorities
This definition ties "CFC" to its reporting obligations.
"CFC" means a foreign corporation controlled by U.S. shareholders who own more than 50% of its voting stock or value, and is required to report earnings to U.S. tax authorities.
Definition of "CFC" as a foreign business under U.S. control
This definition connects "CFC" to its status as a foreign business entity.
"CFC" refers to a foreign business that is under U.S. control, where U.S. persons own over 50% of the corporation’s voting shares or stock value, which impacts U.S. tax filings and obligations.
Definition of "CFC" as a tax subject entity under U.S. regulations
This definition links "CFC" to U.S. tax regulations.
"CFC" means a foreign corporation that is subject to U.S. tax laws, controlled by U.S. shareholders who own more than 50% of the voting stock or total value of the corporation.
Definition of "CFC" as a foreign corporation with U.S. shareholder oversight
This definition ties "CFC" to U.S. shareholder oversight.
"CFC" refers to a foreign corporation overseen by U.S. shareholders who own more than 50% of the voting stock or stock value, resulting in U.S. tax obligations for earnings not repatriated.
Definition of "CFC" as a foreign company with U.S. investor control
This definition connects "CFC" to U.S. investor control.
"CFC" means a foreign company that is controlled by U.S. investors who own over 50% of the voting power or stock value, making it subject to U.S. tax law for its foreign income.
Definition of "CFC" as a foreign corporation subject to U.S. income tax rules
This definition applies "CFC" to U.S. income tax rules.
"CFC" refers to a foreign corporation that is subject to U.S. income tax rules, where U.S. persons control more than 50% of the corporation's shares or voting rights.
Definition of "CFC" as a controlled foreign business under U.S. tax law
This definition connects "CFC" to its status as a controlled foreign business.
"CFC" means a foreign business that is controlled by U.S. persons who own more than 50% of the voting stock or value, subject to U.S. tax laws governing foreign income.
Definition of "CFC" as a foreign corporation with U.S. ownership interest
This definition links "CFC" to U.S. ownership interest.
"CFC" refers to a foreign corporation where U.S. persons hold an ownership interest of more than 50% of the voting shares or stock value, making it subject to U.S. tax on foreign earnings.
Definition of "CFC" as a foreign subsidiary under U.S. shareholder control
This definition ties "CFC" to its role as a foreign subsidiary.
"CFC" means a foreign subsidiary where U.S. shareholders own more than 50% of the total stock or voting power, making it subject to specific U.S. tax regulations.
Definition of "CFC" as a foreign company governed by U.S. tax rules
This definition connects "CFC" to governance by U.S. tax rules.
"CFC" refers to a foreign company governed by U.S. tax rules, with more than 50% of its voting shares or stock value controlled by U.S. shareholders.
Definition of "CFC" as a corporation under the U.S. controlled foreign corporation rules
This definition links "CFC" to U.S. controlled foreign corporation rules.
"CFC" means a corporation that is governed by the U.S. controlled foreign corporation rules, where U.S. shareholders control more than 50% of the stock or voting rights.
Definition of "CFC" as a foreign corporation subject to U.S. foreign income tax laws
This definition ties "CFC" to U.S. foreign income tax laws.
"CFC" refers to a foreign corporation subject to U.S. foreign income tax laws, with U.S. shareholders holding more than 50% of the total shares or voting power.
Definition of "CFC" as a foreign entity under U.S. tax code
This definition connects "CFC" to the U.S. tax code.
"CFC" means a foreign entity that falls under the U.S. tax code, where U.S. shareholders control over 50% of the corporation’s voting stock or value, and is subject to U.S. tax regulations on foreign income.
Definition of "CFC" as a foreign corporation under the U.S. tax structure
This definition links "CFC" to the U.S. tax structure.
"CFC" refers to a foreign corporation that operates under the U.S. tax structure, where U.S. shareholders own more than 50% of the voting power or value of the corporation.
Definition of "CFC" as a foreign business entity under U.S. tax provisions
This definition ties "CFC" to specific U.S. tax provisions.
"CFC" means a foreign business entity under U.S. tax provisions, where U.S. shareholders control more than 50% of the voting shares or value of the corporation.
Definition of "CFC" as a controlled foreign corporation in tax filings
This definition connects "CFC" to its role in tax filings.
"CFC" refers to a controlled foreign corporation in tax filings, with U.S. shareholders holding more than 50% of the voting shares or stock value, impacting U.S. tax obligations.
Definition of "CFC" as a foreign corporation affected by U.S. tax regulations
This definition links "CFC" to its impact by U.S. tax regulations.
"CFC" means a foreign corporation affected by U.S. tax regulations, where U.S. shareholders own more than 50% of the stock or voting rights, subject to specific taxation rules.
Definition of "CFC" as a foreign entity under U.S. tax enforcement
This definition ties "CFC" to its enforcement under U.S. tax laws.
"CFC" means a foreign entity that is subject to U.S. tax enforcement provisions, where U.S. shareholders control more than 50% of the corporation's voting shares or stock value, making it subject to U.S. tax regulations on foreign income.
Definition of "CFC" as a foreign corporation with U.S. tax obligations
This definition connects "CFC" to its tax obligations under U.S. law.
"CFC" refers to a foreign corporation that has U.S. tax obligations, with U.S. shareholders holding more than 50% of the voting stock or stock value, thus subjecting it to U.S. income tax rules.
Definition of "CFC" as a foreign corporation controlled by U.S. persons for tax purposes
This definition links "CFC" to U.S. tax purposes and control.
"CFC" means a foreign corporation controlled by U.S. persons for tax purposes, where U.S. shareholders own more than 50% of the voting power or stock value, triggering specific U.S. tax regulations on foreign income.
Definition of "CFC" as a corporation controlled by U.S. persons for international taxation
This definition ties "CFC" to international taxation rules.
"CFC" refers to a corporation controlled by U.S. persons for international taxation, with more than 50% of the voting shares or stock value owned by U.S. shareholders, subject to U.S. tax law on foreign earnings.
Definition of "CFC" as a foreign company governed by U.S. tax laws on foreign income
This definition connects "CFC" to U.S. tax laws on foreign income.
"CFC" means a foreign company governed by U.S. tax laws regarding foreign income, where U.S. persons control more than 50% of its voting power or stock value, making it subject to specific U.S. tax rules.
Definition of "CFC" as a foreign corporation with U.S. investor majority control
This definition links "CFC" to its control by U.S. investors.
"CFC" refers to a foreign corporation with U.S. investor majority control, where U.S. persons own more than 50% of the voting power or stock value, triggering U.S. tax implications for foreign earnings.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.