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Please define each of the following items in terms of U.S shareholder income inclusion from controlled foreign corporations. I am only looking at the high
Please define each of the following items in terms of U.S shareholder income inclusion from controlled foreign corporations. I am only looking at the high level, the type of income each of these terms intend to pick up for US shareholders.
1A. Subpart F Income
1B. Passive foreign investment companies (PFIC's)
1C. Transition tax
1D. Global intangible low tax income
1E. Foreign derived intangible income
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