Search results
Results from the WOW.Com Content Network
Personal holding company. In the United States, a personal holding company is defined in section 542 of the Internal Revenue Code. A corporation is a personal holding company if both of the following requirements are met:
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 ...
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'.
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 ...
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 ...
United States. In the United States, a bank holding company, as provided by the Bank Holding Company Act of 1956 ( 12 U.S.C. ยง 1841 et seq. ), is broadly defined as "any company that has control over a bank". [2] All bank holding companies in the US are required to register with the Board of Governors of the Federal Reserve System .
Hollinger Inc. was the parent company of Chicago-based Hollinger International, whose primary holdings included a group of Chicago newspapers. Its flagship paper was the Chicago Sun-Times. Hollinger also owned The Jerusalem Post and interests in Australian and Canadian newspaper chains. [4] Hollinger's non-Canadian papers were sold to Hollinger ...