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 Outgoing InvestmentWhat is a contiguous country subsidiary? A contiguous country subsidiary is a foreign corporation that is: (a) wholly owned or controlled by a U.S. corporation; (b) organized under the laws of a foreign country contiguous to the U.S.; and (c) maintained solely for the purpose of complying with the laws of the foreign country of incorporation. A contiguous country subsidiary may, at the option of the domestic corporation, be treated for the purpose of income taxes as a domestic corporation.
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