Tables for the Tax Year (TY) 2021 Foreign-Controlled Domestic Corporation study are now available on SOI's Tax Stats webpage. The tables, based on data from the Form 1120 series, include balance sheets, income statements, and tax-related data for domestic corporations with 50-percent-or-more stock ownership by a single foreign "person." The data are classified by industry group, country of ownership, age of the corporations, and sizes of total assets and business receipts.
There were 149,000 federal income tax returns filed by foreign-controlled domestic corporations (FCDCs) for TY 2021.These returns accounted for just 2.2 percent of all corporate returns filed for that year. However, the FCDCs were often large companies, with a combined $16.2 trillion of assets and $6.6 trillion of receipts. They reported 11.4 percent of the assets and 16.7 percent of the receipts of all corporations.
Manufacturing companies accounted for $2.8 trillion of the FCDC receipts. Domestic companies with Japanese owners produced $1.0 trillion of receipts, followed by owners from the Netherlands ($0.9 trillion) and the United Kingdom ($0.8 trillion). Established corporations (those incorporated in 2018 or before) produced $6.4 trillion of receipts. Large corporations, each with $2.5 billion or more of assets and those each with $1.0 billion or more or business receipts, accounted for $4.4 trillion and $5.1 trillion of receipts, respectively
Source: IRS.gov
US TAX, U.S. TAX