A classification applied to certain subsidiary businesses in the United States corporate tax code. This rule allows parent corporations to take a tax credit on business done by a subsidiary that conducts a substantial amount of business overseas, as if it were a subsidiary located in a foreign country.
Related information about possessions corporation:
- Possessions Corporation - Financial Dictionary - The Free Dictionary
A type of corporation permitted under the US tax code whose branch operation in a US possession can obtain tax benefits as though it were operating as a ...
- Possessions corporation
Similar financial terms. Private Export Funding Corporation (PEFCO) Company that mobilizes private capital for financing the export of big-ticket items by US ...
- SOI Tax Stats - U.S. Possessions Corporation Returns Metadata
Aug 4, 2012 ... What are U.S. Possessions Corporation Returns? In general, to have qualified for the possessions tax credit, a corporation must have been a ...
- Election To Be Treated as a Possessions Corporation Under Section ...
Revenue Code to be treated as a possessions corporation for income tax purposes. Name of corporation. Number, street, and room or suite no. (If a P.O. box, ...
- What is possessions corporation? definition and meaning
Definition of possessions corporation: A classification applied to certain subsidiary businesses in the United States corporate tax code. This rule allows parent ...
- Parent's Possessions Corporation Tax Credit Cap Reduced by - CCH
Oct 26, 2012 ... Parent's Possessions Corporation Tax Credit Cap Reduced by Transfer of Puerto Rico Subsidiaries to Irish Subsidiary (OMJ Pharmaceuticals, ...
- Corporations Doing Business in United States Possessions
Sep 18, 2012 ... This chapter of Business Organizations with Tax Planning (Matthew Bender) describes the possessions corporation tax credit, which is a ...
- Tax Aspects of Operating a Possessions Corporation in ... - HeinOnline
the advantages and technical requirements of a possessions corporation ... This article will deal with the possessions corporation and with the U.S. corporate ...