Analyze two categories of foreign base company income

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Question: "The Importance of Controlled Foreign Corporations" Please respond to the following:

Imagine you are an international tax consultant advising a client on the benefits of establishing a controlled foreign corporation (CFC).

Analyze two (2) categories of foreign base company income.

Next, create a scenario suggesting how a U.S. domiciled multinational entity (MNE) can use a CFC to defer income using one (1) of the categories you analyzed.

Suggest at least two (2) advantages of using a CFC over a branch operation. Provide at least one (1) example for each suggested advantage.

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In this, as a consultant answers to the specific questions have been provided example what is CFC, categories and advantages with example.Solution has been complete in 1 page with MS word.

Reference no: EM13971496

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