Sentences with phrase «foreign investment company»

A foreign investment company recently purchased the property located at 2000 McKinney in Dallas for $ 220 million.

We routinely advise on the taxation of US shipping - related income, passive foreign investment company (PFIC) rules, and on the interaction of the tax laws of traditional shipping jurisdictions outside the United States.

Vishakra Ning Bali (a foreign investment company) as the owning company of WakaMaya Resort Spa & Villas approved...

Vishakra Ning Bali (a foreign investment company) as the owning company of WakaMaya Resort Spa & Villas approved legislation designed to joint the vocation of the Exclusive Island Hotels & Resorts collection to carry out a service without fail to the most discriminating travelers, who wish to find the same quality of hospitality and comfort, each time they stay abroad.

The Schwab Target Index Funds may invest in a non-U.S. corporation, which could be treated as a passive foreign investment company (PFIC) or become a PFIC under the Code.

The fund may invest in a non-U.S. corporation, which could be treated as a passive foreign investment company (PFIC) or become a PFIC under the Code.

Further, if you have mutual funds or ETFs as investments, you may also have to file Form 8621 to report the existence of / and income from a PFIC (passive foreign investment company).

If you own mutual funds or exchange - traded funds (ETFs) inside of any account other than a retirement account, you will need to sort out whether you are subject to Passive Foreign Investment Company (PFIC) rules annual reporting.

Use form 8621 under the PFIC (Passive Foreign Investment Company) rules.»

With that mindset, we recognize the concern among investors about the U.S. Passive Foreign Investment Company (PFIC) rules and have taken an active position in the investment industry by making all Purpose Funds available to Canadian investors who are classified as «U.S. persons» under U.S. tax law.

The QEF election is generally made on Form 8621 («Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund») on or before the due date, including extensions, for the income tax return with respect to the tax year to which the election relates.

Volume 37 — Issue 3 Fordham International Law Journal «Getting Caught Between the Borders: The Proposed Exemption of the Canadian Mutual Fund from the Passive Foreign Investment Company Rules»

Although beyond the scope of this article, the tax complexities can be mitigated by making a qualified electing fund election under Sec. 1295 on Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund.

Also, CEF is considered as a «Passive Foreign Investment Company», and that status brings some potential tax advantages compared to GLD or IAU, but also some complexity.

CIBC Asset Management offers investors who file U.S. tax returns, Passive Foreign Investment Company (PFIC) Annual Information Statements (AIS).

Please see below a link to the IRS Form 8621, «Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund.»

my name is Sylvia, working for a Foreign investment company as manager in Shenzhen.

RBC Global Asset Management Inc. (RBC GAM Inc.) today announced that Passive Foreign Investment Company (PFIC) Annual Information Statements will be made available to U.S. taxpayer clients...

Because we do not expect to earn revenue from our business operations during the current taxable year, and because our sole source of income currently is interest on bank accounts held by us, we believe we will likely be classified as a «passive foreign investment company,» or PFIC, for the current taxable year.

2014.11.05 RBC Global Asset Management Inc. announces new offering of Passive Foreign Investment Company Reporting Statements for U.S. taxpayers RBC Global Asset Management Inc. (RBC GAM Inc.) today announced that Passive Foreign Investment Company (PFIC) Annual Information Statements will be made available to U.S. taxpayer clients...

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

Please be aware that non-U.S. based funds can be classed as passive foreign investment companies (PFICs).

The US imposes punitive taxes on income from what are called Passive Foreign Investment Companies (PFICs).

However, all Canadian mutual funds or ETFs, regardless of whether they hold Canadian or foreign stocks or bonds, are classified as passive foreign investment companies (PFICs).

For U.S. income tax purposes, certain of these issuers are classified as Passive Foreign Investment Companies (PFICs).

The disadvantage of non-U.S. CEFs is that federal tax reporting is more complex because they are passive foreign investment companies.

These are considered Passive Foreign Investment Companies (PFICs).

The Fund may invest in stocks of foreign companies that are classified under the Internal Revenue Code as passive foreign investment companies («PFICs»).

Investment by a Fund in certain «passive foreign investment companies» («PFICs») could subject the Fund to a U.S. federal income tax (including interest charges) on distributions received from the company or on proceeds received from the disposition of shares in the company, which tax can not be eliminated by making distributions to Fund shareholders.

The moniker «Passive Foreign Investment Companies» (PFICs) sounds like some exotic and highly - specialized investment, and, as a result, many Americans automatically assume that they do not own any.

We assist our clients operating in the international arena with a variety of tax issues that may arise in international and cross-border transactions, expansion of their U.S. businesses abroad, controlled foreign corporations and passive foreign investment companies, strategic alliances and joint ventures.

Mr. Xing was responsible for formulating the rules and policies concerning foreign investment and approval of establishment of the foreign investment companies, and he participated into the drafting and formulating of the Foreign Investment Law, the Catalogue for the Guidance of Foreign Investment Industries and the foreign acquisitions regulations.

Not exact matches

The mixed signals on foreign investment are, as one might expect, sowing confusion among foreign companies and investors.

This is both the second foreign investment and the second space investment for Boeing HorizonX Ventures, which contributed to the $ 15 million funding round for Australian satellite company Myriota last month.

The idea was to highlight six areas of focus to drive growth: making innovation a «core Canadian value,» establishing nationwide scientific excellence, creating world - leading «clusters and partnerships,» growing Canadian companies, developing a digital - first economy, and making Canada a top location for foreign investment.

The same can't be said of Ottawa, which is trying at once to attract investment and diversify Canada's export markets without ceding control of our resources to companies controlled by powerful foreign governments (read: China).

If companies trading in that market were to be listed on MSCI's index, that would attract more foreign investment to the Chinese firms as fund managers rebalance their portfolios.

The survey asked «If a company, bank or investment fund controlled by a foreign government were trying to buy a controlling stake in a major Canadian company, how would you feel if the foreign government were...?»

In early January, Ant Financial, the electronics payment affiliate of China's Alibaba Group, and MoneyGram, a Texas - based money transfer company, announced that it had been forced to abandon a proposed deal after failing to win approval from the Committee on Foreign Investment in the United States (CFIUS), a congressional panel that reviews foreign purchases of American comForeign Investment in the United States (CFIUS), a congressional panel that reviews foreign purchases of American comforeign purchases of American companies.

Saudi's young crown prince Mohammad bin Salman has championed the overhaul in an effort to increase foreign investment and sell off part of the kingdom's oil company.

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

Unfair trade practices detailed by the office of the U.S. Trade Representative accuse China of using «joint venture requirements, foreign investment restrictions, and administrative review and licensing processes to force or pressure technology transfers from American companies.»

The Competition Policy Review Panel last week delivered its long - awaited report on Canada's foreign investment practices, recommending changes to the country's ownership rules and stressing the need for Canadian companies to be more competitive abroad.

Plurimi Investment Managers CIO Patrick Armstrong speaks about the U.S. attitude to foreign technology companies.

ICOs are not just limited to companies; already this year Estonia is exploring the creation of an Estcoin cryptocurrency to drive more foreign direct investment into its economy.

The counterargument, which carries much weight in Quebec, is that the province has lost too many important companies to foreign control, just to see jobs cut and capital investment disappear.

The government also will not set foreign ownership limits for investment in wealth management companies set up by commercial banks by the end of 2018, the PBOC said.

We couldn't be the first company that received the foreign investment permit and have two plants on the ground, and already have on our payroll more than 1,000 people.

It will also entice homegrown companies to search further afield for foreign investment earlier in the game.

The agreement comes after recent changes by Industry Canada allowing telecom companies with less than 10 per cent of the market to have no restrictions on foreign investment.