Foreign-Controlled Domestic Corporations, Tax Year 2015

Two tables from the Tax Year 2015 Foreign-Controlled Domestic Corporation (FCDC) study are now available on SOI’s Tax Stats Web page. The tables, based on data from the Form 1120-series, include selected balance sheet, income statement, and tax-related data for domestic corporations with 50-percent-or-more stock ownership by a single foreign “person.” Table 1 covers selected tax years between 1971 and 2015, presenting data for FCDCs as a percentage of all active corporations. For Tax Year 2015, FCDCs filed nearly 113,000 tax returns and accounted for $14.4 trillion of total assets and $5.0 trillion of total receipts. These corporations reported a combined net income less deficit of $135 billion and $52 billion of total income tax after credits. Table 3 shows FCDC data for Tax Year 2015 by country of the foreign owner. FCDCs with owners from the following countries reported the largest amounts of total receipts: Japan ($825 billion), United Kingdom ($801 billion), Germany ($537 billion), Canada ($452 billion), Netherlands ($352 billion), and France ($324 billion).

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