• prevent the avoidance of tax on income from the insurance of Canadian risks by extending the foreign - affiliate base erosion rules to foreign branches of Canadian life insurers. (canadianlawyermag.com)
(Sec. 14302) This section requires foreign branch income to be allocated to a specific foreign tax credit basket. (congress.gov)
It has established about 20 foreign branches in China, US, Europe and Asia and has grown into a global company by advancing abroad aggressively. (fb101.com)