eligible controlled foreign corporation
Defined in 1 place of the United States Code.
The term “eligible controlled foreign corporation” means a controlled foreign corporation which—
(i) is predominantly engaged in the active conduct of a banking, financing, or similar business, and
(ii) conducts substantial activity with respect to such business.
Source
- 1998–present26 U.S.C. § 954Internal Revenue Code · Foreign base company income · in this section