ForCo, a Subsidiary of a U

question 72

True/False

ForCo, a subsidiary of a U.S. corporation incorporated in Belgium, manufactures widgets in Belgium and sells the widgets to its 100%-owned subsidiary in Germany. The income from the sale of widgets is not Subpart F foreign base company sales income.

---

Definitions:

Pretext

A reason given in justification of a course of action that is not the real reason.

Gender Discrimination

Unfair or unequal treatment of individuals based on their gender or sex.

Federal Law

Legislation that is passed by the national government and applicable across the entire country.

Pregnancy

The condition of having a developing embryo or fetus in the uterus.