noncontrolled foreign corporation NCFC

Noncontrolled foreign corporation is a company that is owned in such a way that its financial results are not consolidated with any of its shareholders, and the shareholders are not allocated any portion of the company's income for tax purposes.

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Additional Information

If the NCFC is located in a jurisdiction that does not have an income tax, this creates income tax deferral, meaning no tax until income is repatriated to its owners.