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A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. [1] A holding company usually does not produce goods or services itself. Its purpose is to own stock of other companies to form a corporate group . In some jurisdictions around the world, holding companies are called ...
For purposes of income tax in the United States, U.S. persons owning shares of a passive foreign investment company ( PFIC) may choose between (i) current taxation on the income of the PFIC or (ii) deferral of such income subject to a deemed tax and interest regime. [1] The provision was enacted as part of the Tax Reform Act of 1986 as a way of ...
Foreign personal holding company income ( FPHCI) is defined for U.S. controlled foreign corporation rules [1] and, with modifications, for U.S. foreign tax credit rules. [2] It consists of interest, dividends, rents, royalties, gains on property producing FPHCI, and certain other items. Exceptions are provided for active rents and royalties ...
Bank holding companies are corporations that own controlling interests in one or more banks and manage their operations. Advantages of a bank holding company can include reduced overall risk and ...
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the company's stock is offered, owned, traded or exchanged privately, also known as 'over-the-counter'.
This is why the company's "Masterpiece" homeowners insurance product is so popular with wealthy Americans, with a 60% share of high-net worth personal lines, even as the company has just 3% of the ...
Elvis Presley bought the mansion in 1957 for $102,500 and lived there until his death in 1977.. Lisa Marie inherited Graceland after her father’s death, and it was opened to the public as a ...
Foreign personal holding company income (FPHCI), including dividends, interest, rents, royalties, and gains from alienation of property that produces or could produce such income. Exceptions apply for dividends and interest from related persons organized in the same country as the CFC, active rents and royalties, rents and royalties from ...