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21 N.C.J. Int'l L. & Com. Reg. 293 (1995-1996)
Defining the Passive Income of Controlled Foreign Corporations

handle is hein.journals/ncjint21 and id is 301 raw text is: Defining the Passive Income of Controlled Foreign Corporations Eric T Laityt Table of Contents I. INTRODUCTION ................................. 295 II. DIVIDENDS, INTEREST, RENTS, ROYALTIES AND ANNUITIES . 297 A. Exclusion for Rents and Royalties Derived in an Active Business ........................... 297 B. Exclusion for Export-Related Interest .......... 299 1. Throw-Back Rule for Income from Related-Person Factoring ................. 300 2. Same-Country Exception to the Throw-Back Rule ................................ 301 3. Financing Distributors ................... 302 4. Justifying the Exclusion .................. 304 RECOMMENDATION ONE .............. 304 ALTERNATE RECOMMENDATION ONE .... 304 C. Exclusions for Income Received from Related Persons .......................... 305 1. Exclusion for Certain Dividends Received from Another CFC ......................... 305 2. Exclusion for Certain Payments from Related Persons .............................. 306 a. Identifying Related Persons ............ 306 b. Excluded Dividends and Interest ........ 307 i. The Location of the Related Person's Trade or Business ................ 309 ii. The Location of the Related Person's Assets ......................... 309 RECOMMENDATION TWO ........ 312 iii. Use of Those Assets in the Related Person's Trade or Business ......... 312 iv. A Substantial Part of the Related t BA,J.D., Harvard University. Associate Professor of Law, Oklahoma City University School of Law. The research for this Article was supported in part by a grant from the Kerr Foundation. Copyright 1996 by Eric T. Laity.

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