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:

Unlocked

Not secured or fastened; often refers to items, devices, or systems that can be accessed without a key or code.

Strict Liability

A legal doctrine where a party is held responsible for damages or loss, regardless of fault or intent.

Injured Ankle

A physical condition involving harm or damage to the ankle often resulting from an accident or sports activity.

Sidewalk

A paved path for pedestrians on the side of a street or road.