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true or false: One key to the reason for taxing owners of PFICs currently here in the US, in real time so to speak, even
true or false: One key to the reason for taxing owners of PFICs currently here in the US, in real time so to speak, even though the profits are earned in a foreign corporation which ordinarily would not be subject to US taxation until a dividend is paid to a US owner, is that it is so easy to move the assets..."investments"...to a foreign corporation. Allowing for tax deferral on these "intangible" assets when moved to a foreign corporation lacks a business purpose and smacks of just being designed to avoid tax in the US
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