All Income Earned by a Swiss Corporation Owned by a U.S

question 79

True/False

All income earned by a Swiss corporation owned by a U.S. corporation is deferred from U.S. taxation until such income is remitted back to the United States.
Income that is characterized as subpart F income could be treated as a deemed dividend back to the United States in the year earned by the foreign corporation.

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Definitions:

Net Filtration Pressure

The difference in pressure that drives the filtration of fluids across capillary walls, determined by hydrostatic and oncotic pressures.

Myogenic Mechanism

A feedback mechanism in which blood vessels respond to changes in blood pressure to maintain steady blood flow.

Afferent Arteriole

A small blood vessel that carries blood toward the glomeruli of the kidney as part of the filtration process.

Tubular Secretion

Movement of materials, by means of active transport, from the blood into the filtrate of a nephron.