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SWFT Corp Partner Estates Trusts

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter13: Comparative Forms Of Doing Business

Section: Chapter Questions

Problem 48P

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Question

Assume the following structure exists for tax year 2023. All ownership is both vote and
value.
100%
Nonresident
Alien
US C Corporation
49%
38%
13%
U.S. Individual
50%
50%
Nonresident
Alien
Swiss Corporation
France Corporation
Russia Corporation
Which of the following entities are CFCs in 2019?
a) Swiss Corporation
b) France Corporation
c) Russia Corporation
d) Both A and B
e) A, B and C

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