What are the tax implications of owning a foreign corporation? 1 Answers as of September 07, 2010

Are there significant tax implications for a US business to own a little over half of a foreign corporation?

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E. Ray Critchett, Zaino & Humphrey, LPA
E. Ray Critchett, Zaino & Humphrey, LPA | Ray Critchett
There are significant tax implications of owning a foreign corporation. A lot of the answers will depend on where the corporation is located and the type of corporation. I would suggest scheduling a meeting with an attorney and/or your CPA to discuss these implications as soon as possible.



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Answer Applies to: Ohio
Replied: 9/7/2010
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