group election would permit a "roll-up" of a lower-tier CFCs
excess taxable income (CFC
ETI) to a higher-tier CFC
, and ultimately to the U.S.
shareholders that own one or more CFCs
engaged in the active conduct of a financing or insurance business.
For Tax Year 2008, some 83,642 CFCs
were incorporated in 188 different countries.
(2) IRC [section]951(b) Subpart F income is made up of foreign base company income derived by the CFC
. (3) Finally, foreign base company income is made up of FBCSI.
The Clean Air Act permits CFCs
to be used in medical products, if the use is determined to be essential by FDA.
Over the years, CFCs
have been used primarily in aerosol sprays, refrigerators, and air conditioners.
Although Newman deems this year's ozone-hole shrinkage a fluke, the hole could mend itself by 2050, he says--thanks to a 1987 ban on CFCs
Car owners must buy a 2,580-yen ''CFC
coupon'' when they dispose of their vehicle and take their cars to either a car dealer or auto shop to pump out the CFC
, which scientists blame for depleting the Earth's ozone layer.
The two had made a customs declaration stating that the containers' contents were paint cans, but customs officers at the pier discovered that the containers carried CFCs
According to an unnamed official in the EPA's Criminal Enforcement Division, illegal CFCs
rank close to cocaine as some of the most profitable contraband coming across the U.S.
Another company is phasing out CFCs
as blowing agents in its production of many of its rigid polyurethane foams, which are used as insulation in products such as water heaters, refrigerators, and roofing materials.
Ozone depleting substances such as chloroflurocarbons (CFCs
) will be phased out with the aid of an $82 million grant given by the Multilateral Fund for Implementation of the Montreal Protocol, a World Bank release said.