Political Quotes

Carl Levin: “So there should be no loans between the two as that might give the IRS the argument that the CFC was merely a conduit…”

On the recordSeptember 19, 2012
So there should be no loans between the two as that might give the IRS the argument that the CFC was merely a conduit for repatriating funds from other foreign sources.
Said by
Carl Levin
Democratic · Michigan

Editor's note · Context

Levin warns against loans that could mislead the IRS regarding CFCs.

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