Description: Presented at May 1985 Spring Meeting. This session discussed: Accounting options for consolidating foreign operations, Foreign currency fluctuations, Foreign taxes and tax credits, Offshore subsidiaries, Foreign reinsurance ceded and assumed, Variation appropriate for United States and Canadian companies.

Description: Experts discuss: [1] an overview of U.S. taxation of life-insurance income from 'controlled foreign corporations' [CFCs], [2] the actuarial aspects of the taxation of CFCs, and [3] taxation issues relative to minority-owned [not 'controlled'] foreign corporations. From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.