The Transfer of the Assets of a U

question 73

True/False

The transfer of the assets of a U.S. corporation's foreign branch to a newly formed foreign corporation is always tax deferred under § 351.

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Definitions:

Technological Conditions

The current state of technology within a particular area, industry, or society, including advancements, availability, and implementation.

General Environment

The broad external conditions that affect organizations and industries, including economic, technological, socio-cultural, and legal factors.

Scientific Advancements

Progress or breakthroughs in the field of science that lead to new knowledge, technologies, or applications.