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Let’s take a deep dive into Passive Foreign Investment Companies (PFICs)

Let’s take a deep dive into Passive Foreign Investment Companies (PFICs)

The PFIC regime has been in existence since 1986.  Introduced in the Tax Reform Act, the regime closed a loophole. Prior to the change, assets could be transferred to entities organized outside the U.S., in order to escape U.S. taxation. As with other foreign...

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Recent Posts

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