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FBCS |
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For purposes of determining foreign base company sales (FBCS) income, where a controlled foreign corporation (CFC) carries on activities through a branch outside the country of the CFC's incorporation and the branch is effectively treated as a separate subsidiary, section 954(d)(2) provides that the income attributable to the branch's activities will be treated as income derived from a wholly owned subsidiary for purposes of computing the FBCS income of the CFC. Since 1997, Captaris had successfully worked with FBCS as a strategic OEM partner," said Steven Rishel, senior vice president of global services at Captaris. Blazek, a 15-year FBCS employee who most recently served as vice president of strategic sales, has been named CEO of Altura. |
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