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FBCSI
(redirected from Foreign Base Company Sales Income)

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AcronymDefinition
FBCSIForeign Base Company Sales Income


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The final regulations define "manufacturing" and cover how the subpart F foreign base company sales income (FBCSI) rules apply to controlled foreign corporations (CFCs) that hire a "contract manufacturer.
Adding that the "world has changed dramatically since the regulations addressing foreign base company sales income were issued in 1964," he agreed with the government that updated rules "ate important to the continued competitiveness of U.
Income from such sales generally constitutes foreign base company sales income, unless the assembly operations performed by the CFCs in their local countries qualifies as "manufacturing.
 
 
 
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