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38 SOI Bull. 1 (2018-2019)

handle is hein.tera/stadeint0038 and id is 1 raw text is: The Statistics of Income (S01) Bulletin is issued quarterly by the Statistics of Income Division of the Internal Revenue Service. The report provides the earliest published annual fi- nancial statistics obtained from the various types of tax and information returns filed, as well as information from periodic or special analytical studies of particular interest to students of the U.S. tax system, tax policymakers, and tax administra- tors. Selected historical and other data tables, previously pub- lished in the spring issue of the Bulletin are now only available on SOT's pages of the IRS Web site (https://www.irs.gov/uac/ soi-tax-stats-historical-data-tables). Information on the availability of supplemental data on the topics included in this issue or other SOI subjects, may be ob- tained by sending an email to SOT's Statistical Information Services at sis(irs.gov, or by writing to the Director, Statistics of Income Division OS:RAAS:S, Internal Revenue Service, 1111 Constitution Avenue, NW, K-Room 4112, Washington, D.C. 20224. The S01 Bulletin is prepared under the direction of Wayne Kei, Chief, Data Dissemination Section. Paul Bastuscheck (layout and graphics), Clay Moulton (layout and graphics), Lisa Smith (layout and graphics editor), and Camille Swick (layout and graphics) are the editorial staff who prepare the manuscript. Shannon Cook, Emily Gross, Jim Hobbs, and Beth Kilss also made major contributions in the production of this issue. Views expressed in the article are those of the author and do not nec- essarily represent the views of the Treasury Department or the Internal Revenue Service. NOTE: When using information from this report, cite the pub- lication as follows- Internal Revenue Service Statistics of Income Bulletin Summer 2018 Washington, D.C. Inside This Issue: Foreign Recipients of U.S. Income, Calendar Year 2015 2 by Scott Luttrell U.S.-source income payments to foreign persons, as reported on Form 1042-S, Foreign Person's U.S.-Source Income Subject to Withholding, rose to $824.3 billion for Calendar Year 2015. This represents an increase of 13.2 percent from 2014. U.S.- source income payments subject to withholding tax rose by 24.2 percent from 2014, which fueled an increase in withholding taxes of 13.1 percent. Despite these increases, 85.7 percent of all U.S. -source income paid to foreign persons remained exempt from withholding tax. The residual U.S.-source income subject to tax was withheld at an average rate of 15.6 percent. Controlled Foreign Corporations, Tax Year 2012 18 by Jason Wenrich The number of foreign corporations controlled by U.S. multi- national corporations increased in 2012 to 88,038. End-of-year assets ($18.6 trillion), total receipts ($6.9 trillion), and current earnings and profits (less deficit) before income taxes ($924 bil- lion) all increased from Tax Year 2010. More than 79 percent of controlled foreign corporations (CFCs) were concentrated in the services; goods production; and distribution and transporta- tion of goods sectors. CFCs were incorporated in 192 different countries of which over 40 percent were incorporated in Europe.

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