BibTeX
@MISC{Latzy_controlledforeign,
author = {John Latzy and Y Miller},
title = {Controlled Foreign Corporations, 1988},
year = {}
}
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Abstract
or 1988, the 7,500 largest foreign corporations controlled by large multinational firms held $958 F billion in assets and generated business receipts of $823 billion. These amounts increased from 1986 (the last previous year for which statistics are available) by 29 percent and 40 percent, respectively. Increases were also shown in foreign income taxes, subpart F income, and earnings and profits after taxes. Almost 41 percent of the Controlled Foreign Corporations (CFC's) were primarily engaged in manufacturing activities, a slight decline from 1986. Another 27 percent were primarily engaged in finance, insurance or real estate activities. These latter CFC's held 43 percent of all assets and generated 21 percent of positive earnings and profits after taxes. Although manufacturing CFC's held only 36
