LAWIN

Category: Business law

  • Theory Z

    A concept articulated by Professor William Ouchi to identify a Japanese-style, worker- participating corporation. Theory Z is an expansion upon terminology developed by the late Douglas MacGregor, which identified a Theory X, in which workers are viewed as basically lazy and begrudgingly productive,…

  • Subpart F

    A provision of the Internal Revenue Code (Sections 951-64) that imposes U.S. income taxes on the undistributed earnings of "controlled foreign corporations." Subpart F was incorporated into the Code by the Revenue Act of 1962; prior to that time, earnings by foreign subsidiaries of U.S. fi…

  • Subpart F

    A provision of the Internal Revenue Code (Sections 951-64) that imposes U.S. income taxes on the undistributed earnings of "controlled foreign corporations." Subpart F was incorporated into the Code by the Revenue Act of 1962; prior to that time, earnings by foreign subsidiaries of U.S. fi…

  • Section 931 Corporation

    It was a corporation operating in various U.S. possessions that, under certain circumstances, might accrue significant tax benefits. So named for Section 931 of the Internal Revenue Code, a firm might be exempt from Federal income tax on U.S. possessions income (so long as the dividends were not dis…

  • Related Foreign Export Corporation

    According to Section 933 of the Internal Revenue Code, any foreign corporation that satisfies the definition of a foreign international sales Corporation, A Real Property Holding Company, or an Associated Foreign Corporation (qq.V.). See Domestic International Sales Corporation….

  • Regulation K

    A pronouncement of the Federal Reserve system that permits both domestic and foreign banks to establish a "mother" Edge Act Corporation (read this and related legal terms for further details), which can establi…

  • Related Foreign Export Corporation

    According to Section 933 of the Internal Revenue Code, any foreign corporation that satisfies the definition of a foreign international sales Corporation, A Real Property Holding Company, or an Associated Foreign Corporation (qq.V.). See Domestic International Sales Corporation….

  • Real Property Holding Company

    A foreign corporation (i.e., not chartered in the United States) in which a Domestic International Sales Corporation (read this and related legal terms for further details), or DISC, controls more than 50 percent of the …

  • Private Export Funding Corporation

    A private corporation organized in 1970 for the purpose of providing medium- to long-term financing to foreign buyers of U.S. goods and services. PEFCO is owned by commercial banks and major industrial firms. Working capital is raised by issuance of commercial paper, guaranteed by the U.S. Export-Im…

  • Private Export Funding Corporation

    A private corporation organized in 1970 for the purpose of providing medium- to long-term financing to foreign buyers of U.S. goods and services. PEFCO is owned by commercial banks and major industrial firms. Working capital is raised by issuance of commercial paper, guaranteed by the U.S. Export-Im…

  • Policy Proof Of Interest

    A stipulation in an ocean marine insurance policy whereby the insurer admits the insurable interest of the policyholder….

  • Policy Proof Of Interest

    A stipulation in an ocean marine insurance policy whereby the insurer admits the insurable interest of the policyholder….

  • Offshore Finance Company

    Synonymous with Foreign Base Finance Company (read this and related legal terms for further details)….

  • Offshore Holding Company

    Synonymous with foreign base holding company. See SUBPART F….

  • Offshore Finance Company

    Synonymous with Foreign Base Finance Company (read this and related legal terms for further details)….