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.
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…”
Editor's note · Context
Levin warns against loans that could mislead the IRS regarding CFCs.
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