Statistics of Income (SOI) Bulletin - Summer 2018
(entire publication in PDF)
Controlled Foreign Corporations, 2012
By Jason Wenrich
The number of foreign corporations controlled by U.S. multinational corporations increased in 2012 to 88,038. End-of-year assets ($18.6 trillion), total receipts ($6.9 trillion), and current earnings and profits (less deficit) before income taxes ($924 billion) all increased from Tax Year 2010. More than 79 percent of controlled foreign corporations (CFCs) were concentrated in the services; goods production; and distribution and transportation of goods sectors. CFCs were incorporated in 192 different countries of which over 40 percent were incorporated in Europe.
Related Link: Controlled Foreign Corporations
Foreign Recipients of U.S. Income, Calendar Year 2015
By Scott Luttrell
U.S.-source income payments to foreign persons, as reported on Form 1042-S, Foreign Person’s U.S.-Source Income Subject to Withholding, rose to $824.3 billion for Calendar Year 2015. This represents an increase of 13.2 percent from 2014. U.S.-source income payments subject to withholding tax rose by 24.2 percent from 2014, which fueled an increase in withholding taxes of 13.1 percent. Despite these increases, 85.7 percent of all U.S.-source income paid to foreign persons remained exempt from withholding tax. The residual U.S.-source income subject to tax was withheld at an average rate of 15.6 percent.
Related Link: Foreign Recipients of U.S. Income