Controlled Foreign Corporations, 1998

Controlled Foreign Corporations, 1998

John Comisky

For 1998, the 7,500 largest foreign corporations controlled by large U.S. multinational corporations held $3.2 trillion in assets and reported receipts of $1.7 trillion. These amounts increased from 1996 by 15.5 percent and 4.3 percent, respectively [1]. The 7,500 largest foreign corporations reported $143.8 billion in earnings and profits (less deficit) before income taxes, a 2.0-percent increase from Tax Year 1996.

More than 78 percent of the 7,500 largest controlled foreign corporations (CFC’s) were concentrated in three major industrial divisions: goods production, services, and finance, insurance, real estate and rental and leasing [2]. These three industrial divisions accounted for 85.8 percent of assets ($2,763.7 billion), 73.7 percent of total receipts ($1,289.4 billion), and 80.1 percent of current earnings and profits (less deficit) before income taxes ($116.2 billion).

For 1998, the 7,500 largest CFC’s were incorporated in 117 different countries [3]. Almost 55 percent, or 4,116 CFC’s, were located in Europe. More than 92 percent of these European CFC’s were based in European Union countries [4]. Latin America and Asia accounted for 15.0 percent and 10.8 percent of the 7,500 largest CFC’s, respectively.

Controlled Foreign Corporations

Direct foreign investment by U.S. persons may take several forms, including establishing foreign branches of a U.S. corporation, partnerships with foreign entities, and separate corporations. For U.S. income tax purposes, a foreign corporation is “controlled” if U.S. shareholders own more than 50 percent of its outstanding voting stock, or more than 50 percent of the value of all its outstanding stock (directly, indirectly, or constructively) on any day during the foreign corporation’s tax year. A “noncontrolled” foreign corporation is any foreign corporation which fails to meet either of the above requirements for control. For purposes of determining control, a U.S. shareholder is defined as a U.S. person who owns 10 percent or more of the foreign corporation’s total combined voting stock [5]. However, for SOI purposes, a foreign corporation is controlled only if one U.S. corporation satisfies either of the above 50-percent ownership requirements for an uninterrupted period of at least 30 days. For Tax Year 1998, there were 996 U.S. corporations that controlled the 7,500 largest CFC’s.

In general, the foreign source income of a foreign corporation is not taxable to its U.S. shareholders until repatriated in the form of a dividend. Recognizing that income could be accumulated in a CFC, thus deferring U.S. tax on this income indefinitely, Congress enacted the Subpart F provisions of the Internal Revenue Code in 1962. These provisions require certain items of income to be treated as deemed paid to the U.S. shareholders (as if repatriated) and therefore subject to U.S. taxation. Currently, a U.S. shareholder of a CFC may be required to include in gross income the shareholder’s ratable share of the CFC’s: (1) Subpart F income (see Subpart F Income in the Explanation of Selected Terms); (2) earnings invested in U.S. property; (3) previously excluded Subpart F income withdrawn from “qualified investments” in less developed countries and in “foreign base company” shipping operations; (4) previously excluded export trade income withdrawn from investment in export trade assets; (5) increase in earnings in excess passive assets [6]; and (6) factoring income (income derived from the acquisition of a trade or service receivable).

CFC’s by Industrial Sector Under NAICS

For 1998, the North American Industry Classification System (NAICS) was implemented as a means of measuring all economic activities more accurately, producing and nonproducing. NAICS was designed to group common businesses together according to their primary economic activity [7]. The development of NAICS came about in response to the North American Free Trade Agreement (NAFTA) between Canada, Mexico, and the United States and the desire for compatible industry statistics among the three countries [8]. With its implementation, NAICS replaced the existing Standard Industrial Classification (SIC) system, which was developed in the 1930’s by the United States. As the course of the twentieth century progressed, the American economy shifted from a goods-producing economy to a more services-oriented one. NAICS was developed as a result of these economic shifts as the SIC system was no longer able to properly capture all economic activity.

Tax Year 1998 was the first year foreign corporations used NAICS to classify their primary business activities, and, thus, was the first year for which Statistics of Income (SOI) compiled CFC data according to NAICS. For the 7,500 largest CFC’s, the highest aggregate industry data are tabulated within seven major groupings:

[] Raw materials and energy production, which includes agriculture, forestry, fishing, and hunting, mining, and utilities;

[] Goods production, which includes construction and manufacturing;

[] Distribution and transportation of goods, which include wholesale trade, retail trade, and transportation and warehousing;

[] Information;

[] Finance, insurance, real estate, and rental and leasing;

[] Services, which include professional and business services, education, health and social services, leisure, accommodation, and food services, and all other services;

[] Nature of business not allocable.

The most significant industry classification change for purposes of aggregating CFC data is the grouping of offices of management (holding companies). The SIC system included these companies in finance, insurance, and real estate. The NAICS system classifies these companies under professional and business services. Figure A highlights other significant industry classification changes affecting the CFC data for 1998.

For 1998, CFC’s engaged in finance, insurance, real estate, and rental and leasing accounted for 40.2 percent of end-of-year assets, 10.6 percent of total receipts, and 14.5 percent of current earnings and profits (less deficit) before income taxes reported by the largest CFC’s (Figure B and Table 1). Nearly 62 percent of the total receipts and 50.9 percent of earnings and profits (less deficit) before income taxes for this industrial grouping were accounted for by two subsectors: security, commodity contracts, and other financial investments and related products; and insurance carriers and related activities. Goods producers accounted for 26.0 percent of end-of-year assets, 52.8 percent of total receipts, and 45.0 percent of earnings and profits (less deficit) before income taxes. Chemical, computer, and electronic products, and motor vehicles and parts manufactures collectively reported 54.9 percent of end-of-year assets, 55.9 percent of total receipts, and 61.0 percent of current earnings and profits (less deficit) before income taxes for all goods producers. In contrast, CFC’s engaged in services reported 19.6 percent of end-of-year assets, 10.3 percent of total receipts, and 21.3 percent of current earning and profits (less deficit) before income taxes. Over 89 percent of end-of-year assets, total receipts, and current earnings and profits (less deficit) before income taxes in services were reported by CFC’s engaged in professional and business services. This group included offices of management (holding companies).

Table 4 presents the number of CFC’s, end-of-year assets, total receipts, and earnings and profits (less deficit) before income taxes for both NAICS and SIC industry classifications using NAICS industry groupings. The implementation of the NAICS system had little effect on the industry classification of most of the 7,500 largest CFC’s. The biggest change under NAICS for the 7,500 largest CFC’s was the grouping of offices of management (holding companies) under services. These CFC’s were grouped with the major division of finance, insurance, and real estate under SIC. A majority of the increases in end-of-year assets (319.8-percent increase), total receipts (114.2-percent increase), and earnings and profits (less deficit) before income taxes (292.5-percent increase) for services are attributable to the addition of these holding companies. As a result of this change, finance, insurance, real estate, and rental and leasing experienced large decreases in end-of-year assets (26.6-percent decrease), total receipts (29.4-percent decrease), and earnings and profits (less deficit) before income taxes (52.2-percent decrease). Another significant NAICS industry change occurred in the newly created information sector. This sector consists of the printing industries (under manufacturing for SIC), broadcasting and telecommunications (formerly communications under transportation and public utilities for SIC), motion picture and sound recording industries, and information services and data processing services (both primarily under services for SIC).

The overall industrial composition of the 7,500 largest CFC’s shifted during the period of 1992 to 1998, moving away from manufacturing, wholesale and retail trade, and construction. Figure C (based on SIC for time series purposes) displays the 7,500 largest CFC’ s by industrial division [9]. The number of foreign corporations increased steadily in the following industries during this period: transportation and public utilities (60.1-percent increase); mining (52.9-percent increase); finance, insurance, and real estate (23.1-percent increase); and agriculture, forestry, and fishing (7.7-percent increase). Decreases in the number of foreign corporations occurred in the following industries: construction (28.8-decrease), services (21.6-decrease) wholesale and retail trade (20.1-decrease), and manufacturing (14.5-decrease).

Geographic Distribution

For 1998, Europe accounted for 62.7 percent and 58.5 percent of assets and total receipts for the 7,500 largest CFC’ s, consistent with 1996 levels (Figures D and E, Tables 2 and 3). Current earnings and profits (less deficit) before income taxes rose more significantly from 54.2 percent to 63.5 percent. Foreign entities incorporated in other Western Hemisphere countries, including Canada, accounted for 12.5 percent ($402.2 billion) of end-of-year assets, 14.0 percent ($244.9 billion) of total receipts, and 11.9 percent ($17.1 billion) of earnings and profits (less deficit) before income taxes. The smallest distribution of the 7,500 largest CFC’s occurred in Africa and U.S. Possessions (including Puerto Rico). These two geographic regions collectively accounted for slightly more than 1.0 percent of end-of-year assets, total receipts, and earnings and profits (less deficit) before income taxes.

CFC’s based in the following countries reported the largest amounts of total receipts: United Kingdom ($301.4 billion), Canada ($209.5 billion), Germany ($172.7 billion), Netherlands ($168.2 billion), France ($100.9 billion), Japan ($100.3 billion), and Brazil ($63.2 billion). These seven countries accounted for 63.8 percent of the total receipts of the 7,500 largest CFC’s. These countries reported a 3.9-percent increase in total receipts ($1,116.2 billion) for 1998 compared to 1996 ($1,074.6 billion). CFC’s in these countries engaged primarily in goods production and distribution and transportation of goods.

For 1998, United Kingdom-based CFC’s reported $129.1 billion in total receipts for goods production activities, a decrease of 7.0 percent from 1996 ($138.8 billion). CFC’s engaged in manufacturing and construction still accounted for 42.8 percent of total receipts generated by United Kingdom-based CFC’s for 1998, while CFC’s engaged in finance, insurance, real estate, and rental and leasing accounted for 19.7 percent ($59.4 billion) of total receipts. The information sector accounted for 1.9 percent ($5.7 billion) of total receipts, the smallest distribution for United Kingdom-based CFC’s.

The number of Netherlands-based CFC’s, in the pool of 7,500 largest foreign corporations, increased by 13.2 percent from 1996 to 1998. Total receipts for these CFC’s increased 43.7 percent from 1996 to $168.2 billion for 1998. In addition, earnings and profits (less deficit) before income taxes increased 42.2 percent from 1996 to $20.5 billion for 1998. Nearly a quarter of Netherlands-based CFC’s were engaged in the goods production division, reporting $85.8 billion in total receipts. Netherlands-based CFC’s also engaged in the services and distribution and transportation of goods industries, with total receipts of $26.5 and $26.4 billion, respectively.

Profitability

For the purpose of this article, two measures are used to assess pre-tax profitability for the 7,500 largest CFC’s: rate of return on assets and profit margin. Rate of return on assets was defined as current earnings and profits (less deficit) before income taxes divided by end-of-year assets. Profit margin was defined as current earnings and profits (less deficit) before income taxes divided by total receipts.

From 1992 to 1996, the 7,500 largest CFC’s saw overall profitability increase in both measures yet decrease between 1996 and 1998. Between 1992 and 1996, the rate of return on assets increased on the aggregate level from 4.4 percent to 5.1 percent. However, the rate of return on assets decreased to 4.5 percent for 1998. Profit margins followed a similar pattern during the period 1992 to 1996, but were more stable from 1996 to 1998. Profit margins increased from 5.7 percent to 8.4 percent between 1992 and 1996, but decreased slightly to 8.2 percent for 1998.

On the industry level, the rate of return on assets and profit margin varied relative to the aggregate totals. Most industries’ rate of return on assets decreased from 1996 to 1998, while profit margins were mixed. The most profitable activities occurred in the services and information industries. For 1998, the profit margin for CFC’s based in the services sector was 17.0 percent, up from 9.6 percent for 1996. The large increase in the services industry’s profit margins was directly attributable to the inclusion of CFC’s engaged in the management of companies (holding companies) sector. For 1998, CFC’s engaged in the management of companies reported a profit margin of 28.4 percent [10]. These CFC’s were classified under finance, insurance, and real estate under the SIC system. As a result of this classification change, profit margins in finance, insurance, real estate, and rental and leasing dropped from 18.7 percent in 1996 to 11.2 percent in 1998. CFC’s engaged in the information sector had a rate of return on assets and a profit margin of 6.3 percent and 14.0 percent, respectively. Finance, insurance, real estate, and rental and leasing CFC’s experienced the lowest rate of return on assets of 1.6 percent, while CFC’s engaged in the distribution and transportation of goods reported the lowest profit margin of 3.7 percent.

Distribution of Earnings and Profits

For 1998, the 7,500 largest CFC’s distributed $74.2 billion to U.S. parent corporations and shareholders. Nearly 67 percent of distributions out of earnings and profits were from not previously taxed earnings and profits ($49.6 billion), while the remainder was distributed from previously taxed earnings and profits ($24.6 billion).

Goods production and services accounted for 64.0 percent ($47.5 billion) of total distributions out of earnings and profits. Goods producers distributed 71.0 percent ($20.1 billion) from not previously tax earnings and profits and 29.0 percent ($8.2 billion) from previously taxed earnings and profits. With the inclusion of holding companies under NAICS, the services industry distributed $19.2 billion of its earnings and profits, a dramatic increase from the $2.7 billion distributed in 1996. More than 97 percent ($18.7 billion) of these distributions were attributed to CFC’s engaged in professional and business services. CFC’s engaged in the information sector accounted for 1.6 percent of the total distributions out of earnings and profits, the smallest industry aggregate amount.

European-based CFC’s accounted for 62.5 percent ($46.3 billion) of all distributions out of earnings and profits. Nearly 70 percent of these distributions were from not previously taxed earnings and profits ($32.3 billion), with the remainder distributed from previously taxed earnings and profits ($14.1 billion). CFC’s engaged in other Western Hemisphere countries (including Canada) and Latin America accounted for 13.1 percent ($9.7 billion) and 11.4 percent ($8.4 billion) of total distributions, respectively. In contrast, Africa and U.S. Possessions (including Puerto Rico) distributed the least amount of earnings and profits, with 0.5 percent and 0.1 percent, respectively.

Data Sources and Limitations

The statistics presented in this article are based on information collected from corporation tax returns with accounting periods ending July 1998 through June 1999 and their attached Form(s) 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations. A U.S. corporation is required by Internal Revenue Service regulations to submit a Form 5471 for any Controlled Foreign Corporation (CFC) with an accounting period ending with or within the U.S. parent’s accounting period. Thus, the CFC’s accounting period may have ended as early as July 1997 or as late as June 1999. However, most CFC activity occurred in Calendar Year 1998.

These statistics report data for the largest (in terms of total assets) active 7,500 foreign corporations controlled by U.S. corporations with total assets of $500 million or more. (See definitions of “Active versus inactive Controlled Foreign Corporations” in the Explanation of Selected Terms.) The 7,500 largest CFC’s accounted for 90.8 percent of total end-of-year assets, 81.6 percent of total receipts, and 89.1 percent of current earnings and profits before taxes reported by all active CFC’s of these U.S. corporations with assets of $500 million or more [11]. The amount of total assets for these 7,500 largest CFC’s ranged from approximately $57 million to $127 billion [12].

Since the 996 parent corporations with assets of $500 million or more were selected at a 100-percent rate for the Statistics of Income sample of all corporation income tax returns, the data are not subject to sampling variability, although they may be subject to nonsampling error. Thus, it is difficult to determine the exact population of CFC’ s controlled by these U.S. corporations.

Several limitations apply when making comparisons to prior-year statistics for the 7,500 largest CFC’s. First, the composition of the 7,500 largest CFC’s is not completely consistent across years. For example, only 66.1 percent of the largest 7,500 CFC’s for 1998 were also included in the 7,500 largest CFC’s for 1996. Many of the 7,500 largest CFC’s for 1996 that were not included among the 7,500 for 1998 were still controlled by large U.S. corporations, but the size of their total assets for 1998 excluded them from this group. In addition, some of the 7,500 largest CFC’s for 1996 were not included for 1998 because they were no longer “controlled,” or because the size of the U.S. parent’s total assets had fallen under $500 million.

Second, the industrial mix of the 7,500 largest CFC’s is not always representative of the industrial mix of all CFC’s controlled by U.S. corporations reporting $500 million or more in assets. For 1998, 54.6 percent of the 7,500 largest CFC’s were primarily engaged in goods production and professional and business services, while accounting for 68.2 percent of the 45,876 total for active CFC’s of U.S. corporations with $500 million or more in total assets [13]. However, the distribution and transportation of goods and finance, insurance, real estate, and rental and leasing groupings have increased among the largest CFC’s. The distribution and transportation of goods and finance, insurance, real estate, and rental and leasing groupings accounted for 13.3 percent and 21.5 percent, respectively, for the largest 7,500 largest CFC’s. These same two groupings only accounting for 8.9 percent and 8.2 percent, respectively, for all active CFC’s controlled by parents with $500 million or more in total assets [14].

Finally, statistics previously published by Statistics of Income for tax years before 1986 were for all CFC’s controlled by U.S. parent corporations, not just the largest CFC’s. Therefore, the statistics for these years include smaller and inactive CFC’s. For this reason, comparisons between statistics on the largest CFC’s and statistics for years before 1986 should be made with caution.

In addition, caution should be used when comparing data by industrial groupings. For 1998, CFC’s were classified under the NAICS system, which differs somewhat from the SIC system used in prior years. While most industries were not affected by the implementation of NAICS, the grouping of some economic activity was changed, specifically in the finance, insurance, real estate, and rental leasing, and services divisions where offices of management (holding companies) shifted from finance, insurance, and real estate under SIC to services under NAICS. Furthermore, CFC’s were classified by industry based on their principal business activity as reported on Form 5471. However, assets, receipts, and profits may have also been related to secondary business activities. It is not possible to measure the extent of these secondary business activities, because these activities were not detailed on Form 5471.

Explanation of Selected Terms

Active versus inactive Controlled Foreign Corporations.–In general, a CFC was considered “active” if earnings and profits, income taxes, receipts, expenses, or certain transactions between the CFC and its majority shareholder were reported on Form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations. The filing of Form 5471 was required even if a CFC was dormant or inactive for 1998. The 7,500 largest CFC’s used for this study were all active.

Controlled Foreign Corporation.–The Internal Revenue Code section 957 defines a foreign corporation as “controlled” if more than 50 percent of the value of its outright voting stock, or the value of all its outstanding stock, is owned (directly, indirectly, or constructively) by U.S. shareholders on any day during the foreign corporation’s tax year. A U.S. shareholder for these purposes is defined as a “U.S. person” owning 10 percent or more of the foreign corporation’s voting stock. A U.S. person could be a U.S. citizen or resident, a domestic partnership, a domestic corporation, or an estate or trust (other than a foreign estate or trust whose income from sources outside the United States is not includable in the beneficiaries’ gross income). For purposes of these statistics, a foreign corporation was “controlled” only if a single U.S. corporation satisfied the ownership requirements for an uninterrupted period of at least 30 days. A CFC could be owned indirectly through a partnership if the U.S. corporation was a controlling partner. To the extent possible, these CFC’s were also included in the statistics.

Country of incorporation.–The country of incorporation of a CFC was not necessarily the principal place of business. For 1998, there were 268 (4.6 percent) of the 7,500 largest CFC’s whose principal places of business were in countries other than their respective countries of incorporation. Tables 2 and 3 provide data by country of incorporation; data by principal place of business are not included in these statistics.

Current earnings and profits.–“Current earnings and profits” represent the difference between total earnings and profits of the foreign corporation at the end of the current year (before reduction by dividends paid during the year) and the accumulated earnings and profits of the corporation at the beginning of the year. Although current earnings and profits typically are an after-tax measure of profits, they are shown in the article both before and after taxes. Earnings and profits are a tax concept referring to the economic capacity of a corporation to make a distribution to shareholders that is not a return on capital. The concept is similar to the notion of retained earnings. The term “earnings and profits” is not specifically defined in the Internal Revenue Code. In those instances where current earnings and profits were not reported for the foreign corporation, net income per books was used in the place of missing earnings and profits.

Distribution from earnings and profits.–A distribution comes first from current earnings and profits and then from accumulated earnings and profits.

Income taxes.–Income, war profits, and excess profits taxes paid or accrued to the United States and to any foreign country or U.S. possession, following U.S. generally-accepted accounting principals (GAAP) for the annual accounting period were reported as income tax by the CFC.

OPEC countries.–The members of the Organization of Petroleum Exporting Countries (OPEC) for 1998 were: Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.

Previously taxed earnings and profits.–This includes any earnings and profits amounts that were taxed in a prior year but not distributed. Previously taxed earnings and profits include amounts related to Subpart F income (see definition below), earnings related to investments in certain U.S. property, previously excluded subpart F income withdrawn from qualified investments, previously excluded export trade income withdrawn from investment in export trade assets, factoring income, and earnings invested in excess passive assets.

Profit margin.–For purposes of this article, a CFC’s profit margin is the ratio of current earnings and profits (less deficit) before income taxes to total receipts.

Return on assets.–For purposes of this article, a CFC’s return on assets is the ratio of current earnings and profits (less deficit) before income taxes to end-of-year assets.

Subpart F income.–Internal Revenue Code sections 951 and 952 stipulate specific cases in which earnings and profits are deemed to have been paid by a CFC to the U.S. shareholder. These “deemed” distributions are taxable, even though the income may not have been repatriated to the United States in the form of an actual dividend. Internal Revenue Code section 951 provided that U.S. shareholders include in their gross income certain undistributed profits of foreign corporations controlled by U.S. shareholders. Subpart F income from a CFC includes certain insurance income of U.S. risks, “foreign base company” income, international boycott participation income, bribes and other illegal payments to foreign government officials, and income from any country which the United States does not recognize or with which it has severed relations, or which repeatedly provided support for acts of international terrorism.

Total assets.–Two types of total assets are shown in Tables 1 through 3: beginning-of-year and end-of-year. However, not all of the 7,500 largest CFC’s reported beginning and end-of-year total assets; 164 CFC’s reported beginning-of-year assets only, and 516 CFC’s reported end-of-year assets only. Total receipts.–Total receipts equal business receipts (gross receipts from sales and operations), plus income from investment. In the statistics reported prior to 1990, business receipts were used to describe the larger of gross receipts from sales and operations and “total income.” The latter is a tax return concept used to describe the sum of business receipts less cost of sales and operations (gross receipts from sales and operations), plus income (less loss) from investments.

Table 1.–U.S. Corporations with Total Assets of $500 Million or

More and Their 7,500 Largest Controlled Foreign Corporations:

Number, Assets, Receipts, Earnings, Taxes, Distributions, and

Subpart F Income, by Selected North American Industry

Classification System (NAICS) Industrial Sector of Controlled

Foreign Corporation

[Money amounts are in thousands of dollars]

7,500 largest

Controlled

Foreign

Corporations

Selected industrial sector of 7,500

largest Controlled Foreign Corporations Number of

U.S. Number of

corporation foreign

returns (1) corporations

(1) (2)

All Industries 996 7,500

Raw materials and energy production 117 405

Agriculture, forestry, fishing, and

hunting 14 28

Mining 75 260

Oil and gas extraction 51 176

Coal mining 4 9

Metal ore mining 8 19

Other mining 24 56

Utilities 32 117

Goods production 514 2,477

Construction 16 57

Building, developing, and general

contracting 5 5

Heavy construction 3 12

Special trade contractors 8 40

Manufacturing 504 2,420

Food manufacturing 32 196

Beverage and tobacco product

manufacturing 13 107

Beverage manufacturing 10 69

Tobacco manufacturing 3 38

Textile mills and textile product

mills 12 18

Apparel manufacturing 10 33

Wood product manufacturing 8 11

Paper manufacturing 36 114

Petroleum and coal products

manufacturing 15 50

Chemical manufacturing 120 579

Pharmaceutical and medicine

manufacturing 31 189

Other chemical manufacturing 97 390

Plastics and rubber products

manufacturing 30 82

Nonmetallic mineral product

manufacturing 15 59

Primary metal manufacturing 13 29

Fabricated metal product

manufacturing 44 117

Machinery manufacturing 60 154

Computer and electronic product

manufacturing 90 267

Electric equipment, appliance,

and component manufacturing 42 117

Transportation equipment

manufacturing 48 236

Motor vehicles and parts

manufacturing 38 207

Other transportation equipment

manufacturing 18 29

Miscellaneous manufacturing 88 241

Distribution and transportation of

goods 278 1,001

Wholesale and retail trade (2) 256 904

Wholesale trade 222 768

Machinery, equipment, and

suppliers wholesalers 28 56

Drugs and druggists’ sundries

wholesalers 24 71

Grocery and related product

wholesalers 12 20

Petroleum and petroleum products

wholesalers 14 75

Other wholesale trade 167 546

Retail trade 52 136

Motor vehicle dealers and parts

dealers 4 9

Building materials and garden

equipment and supplies dealers 4 10

Food and beverage stores 3 3

Clothing and clothing

accessories stores 5 11

General merchandise stores 4 23

Other retailers 33 80

Transportation and warehousing 37 97

Transportation 30 85

Warehousing and storage 8 12

Information 56 216

Publishing industries 13 28

Broadcasting and telecommunications 25 127

Other information industries 20 61

Finance, Insurance, real estate, and

rental and leasing 359 1,612

Depository credit intermediation 26 128

Nondepository credit intermediation 109 381

Security, commodity contracts and

other financial investments and

related products 162 538

Insurance carriers and related

activities 82 277

Funds, trusts, and other financial

activities 59 108

Real estate and rental and leasing 74 180

Services 506 1,770

Professional and business services 487 1,616

Education, health, and social

assistance 6 8

Leisure, accommodation, and food

services 26 100

Other services 24 46

Nature of business not allocable 17 19

7,500 largest Controlled

Foreign Corporations

Selected industrial sector of 7,500

largest Controlled Foreign Corporations Total Assets

Beginning

of year End of year

(3) (4)

All Industries 2,877,359,804 3,221,489,984

Raw materials and energy production 169,437,083 178,721,836

Agriculture, forestry, fishing, and

hunting 2,794,656 3,070,316

Mining 96,139,342 106,409,555

Oil and gas extraction 79,492,098 90,760,922

Coal mining 1,958,292 908,024

Metal ore mining 6,920,036 6,613,516

Other mining 7,768,915 8,127,093

Utilities 60,503,085 69,241,965

Goods production 699,437,081 836,110,494

Construction 7,999,733 9,406,403

Building, developing, and general

contracting 879,970 836,846

Heavy construction 2,050,152 2,752,599

Special trade contractors 5,069,611 5,816,959

Manufacturing 691,437,347 826,704,090

Food manufacturing 43,047,182 50,502,853

Beverage and tobacco product

manufacturing 36,020,063 43,891,476

Beverage manufacturing 22,299,007 27,397,956

Tobacco manufacturing 13,721,057 16,493,520

Textile mills and textile product

mills 1,622,835 2,081,211

Apparel manufacturing 5,867,843 7,382,008

Wood product manufacturing 834,701 1,068,604

Paper manufacturing 28,787,733 37,630,822

Petroleum and coal products

manufacturing 44,815,454 44,711,791

Chemical manufacturing 166,970,110 215,954,532

Pharmaceutical and medicine

manufacturing 62,869,915 102,666,204

Other chemical manufacturing 104,100,195 113,288,329

Plastics and rubber products

manufacturing 12,111,767 13,229,883

Nonmetallic mineral product

manufacturing 9,195,970 13,881,284

Primary metal manufacturing 10,270,268 9,813,319

Fabricated metal product

manufacturing 16,993,152 18,423,306

Machinery manufacturing 34,111,198 40,134,082

Computer and electronic product

manufacturing 114,370,428 126,119,308

Electric equipment, appliance,

and component manufacturing 21,572,872 26,327,594

Transportation equipment

manufacturing 104,255,015 122,503,714

Motor vehicles and parts

manufacturing 99,146,417 116,716,618

Other transportation equipment

manufacturing 5,108,598 5,787,096

Miscellaneous manufacturing 39,332,250 51,539,067

Distribution and transportation of

goods 185,714,674 204,573,238

Wholesale and retail trade (2) 172,679,965 189,442,957

Wholesale trade 144,770,301 158,501,521

Machinery, equipment, and

suppliers wholesalers 11,680,651 12,339,712

Drugs and druggists’ sundries

wholesalers 17,284,712 18,919,255

Grocery and related product

wholesalers 3,808,825 4,019,875

Petroleum and petroleum products

wholesalers 25,291,401 26,100,438

Other wholesale trade 86,704,512 97,122,241

Retail trade 27,909,665 30,941,435

Motor vehicle dealers and parts

dealers 822,545 774,279

Building materials and garden

equipment and supplies dealers 1,889,570 2,320,622

Food and beverage stores 1,647,192 1,763,398

Clothing and clothing

accessories stores 1,702,504 2,266,752

General merchandise stores 8,444,404 8,926,846

Other retailers 13,403,449 14,889,539

Transportation and warehousing 13,034,708 15,130,282

Transportation 11,245,008 12,698,794

Warehousing and storage 1,789,700 2,431,488

Information 57,169,165 71,854,510

Publishing industries 3,831,263 6,055,994

Broadcasting and telecommunications 42,167,729 52,761,258

Other information industries 11,170,174 13,037,259

Finance, Insurance, real estate, and

rental and leasing 1,267,746,413 1,295,958,973

Depository credit intermediation 129,571,403 139,272,542

Nondepository credit intermediation 205,952,897 250,964,046

Security, commodity contracts and

other financial investments and

related products 738,238,684 656,839,828

Insurance carriers and related

activities 126,166,078 153,164,825

Funds, trusts, and other financial

activities 32,840,625 48,270,747

Real estate and rental and leasing 34,976,727 47,446,984

Services 507,130,853 631,582,868

Professional and business services 474,581,986 594,198,245

Education, health, and social

assistance 2,542,615 2,777,235

Leisure, accommodation, and food

services 21,871,457 24,941,508

Other services 8,134,795 9,665,880

Nature of business not allocable 724,535 2,688,064

7,500 largest Controlled

Foreign Corporations

Selected industrial sector of 7,500

largest Controlled Foreign Corporations Current

earnings and

Total profits

receipts less deficit)

before

income taxes

(5) (6)

All Industries 1,749,516,820 143,840,451

Raw materials and energy production 71,311,519 9,944,041

Agriculture, forestry, fishing, and

hunting 4,677,177 141,493

Mining 39,220,498 7,018,487

Oil and gas extraction 30,242,547 6,017,454

Coal mining 634,005 8,510

Metal ore mining 2,296,676 62,621

Other mining 6,047,270 929,902

Utilities 27,413,844 2,784,062

Goods production 923,232,646 64,699,560

Construction 12,257,735 702,136

Building, developing, and general

contracting 382,207 46,937

Heavy construction 3,770,281 133,788

Special trade contractors 8,105,247 521,411

Manufacturing 910,974,911 63,997,425

Food manufacturing 59,631,107 3,739,236

Beverage and tobacco product

manufacturing 51,048,091 6,289,864

Beverage manufacturing 23,466,190 3,221,775

Tobacco manufacturing 27,581,901 3,068,089

Textile mills and textile product

mills 1,595,707 97,654

Apparel manufacturing 7,217,263 557,445

Wood product manufacturing 528,432 7,183

Paper manufacturing 22,875,042 600,587

Petroleum and coal products

manufacturing 72,797,524 1,783,293

Chemical manufacturing 154,979,722 20,233,339

Pharmaceutical and medicine

manufacturing 63,489,100 13,251,572

Other chemical manufacturing 91,490,622 6,981,767

Plastics and rubber products

manufacturing 17,081,640 1,067,688

Nonmetallic mineral product

manufacturing 9,314,505 785,393

Primary metal manufacturing 8,061,639 750,338

Fabricated metal product

manufacturing 16,694,495 1,109,226

Machinery manufacturing 42,462,358 2,077,427

Computer and electronic product

manufacturing 162,372,176 12,935,168

Electric equipment, appliance,

and component manufacturing 31,363,798 1,556,630

Transportation equipment

manufacturing 206,539,178 6,771,174

Motor vehicles and parts

manufacturing 198,420,877 6,276,574

Other transportation equipment

manufacturing 8,118,301 494,599

Miscellaneous manufacturing 45,065,034 3,533,842

Distribution and transportation of

goods 355,151,932 13,147,147

Wholesale and retail trade (2) 345,138,283 12,719,268

Wholesale trade 286,723,573 10,880,961

Machinery, equipment, and

suppliers wholesalers 16,677,369 442,730

Drugs and druggists’ sundries

wholesalers 21,889,765 2,291,604

Grocery and related product

wholesalers 7,075,284 389,181

Petroleum and petroleum products

wholesalers 56,833,451 1,102,279

Other wholesale trade 184,247,704 6,655,167

Retail trade 58,414,710 1,838,307

Motor vehicle dealers and parts

dealers 2,415,334 10,914

Building materials and garden

equipment and supplies dealers 3,893,908 239,018

Food and beverage stores 6,651,747 208,160

Clothing and clothing

accessories stores 3,684,229 194,832

General merchandise stores 16,692,273 381,901

Other retailers 25,077,220 803,481

Transportation and warehousing 10,013,649 427,879

Transportation 7,560,423 405,760

Warehousing and storage 2,453,226 22,119

Information 32,507,167 4,535,689

Publishing industries 3,295,316 991,484

Broadcasting and telecommunications 20,740,593 2,631,374

Other information industries 8,471,257 912,830

Finance, Insurance, real estate, and

rental and leasing 185,490,963 20,860,964

Depository credit intermediation 14,126,210 2,746,560

Nondepository credit intermediation 25,985,055 4,506,871

Security, commodity contracts and

other financial investments and

related products 71,162,644 5,812,826

Insurance carriers and related

activities 43,090,851 4,802,321

Funds, trusts, and other financial

activities 22,344,373 2,136,438

Real estate and rental and leasing 8,781,830 855,948

Services 180,629,840 30,651,975

Professional and business services 160,920,828 28,762,451

Education, health, and social

assistance 451,112 50,335

Leisure, accommodation, and food

services 15,670,847 1,398,142

Other services 3,587,053 441,046

Nature of business not allocable 1,192,754 1,076

7,500 largest Controlled

Foreign Corporations

Selected industrial sector of 7,500

largest Controlled Foreign Corporations Current

Income earnings

taxes and profits

(less deficit)

after

income taxes

(7) (8)

All Industries 34,744,726 109,095,725

Raw materials and energy production 3,064,176 6,879,865

Agriculture, forestry, fishing, and

hunting 19,816 121,677

Mining 2,639,980 4,378,506

Oil and gas extraction 2,247,816 3,769,638

Coal mining 30,868 -22,358

Metal ore mining 99,078 -36,457

Other mining 262,218 667,684

Utilities 404,380 2,379,682

Goods production 17,247,413 47,452,147

Construction 249,066 453,070

Building, developing, and general

contracting 19,993 26,944

Heavy construction 29,219 104,568

Special trade contractors 199,853 321,558

Manufacturing 16,998,348 46,999,077

Food manufacturing 1,133,140 2,606,095

Beverage and tobacco product

manufacturing 1,545,063 4,744,802

Beverage manufacturing 690,288 2,531,487

Tobacco manufacturing 854,774 2,213,314

Textile mills and textile product

mills 28,081 69,574

Apparel manufacturing 44,603 512,842

Wood product manufacturing 10,581 -3,398

Paper manufacturing 295,586 305,002

Petroleum and coal products

manufacturing 843,668 939,625

Chemical manufacturing 4,642,511 15,590,828

Pharmaceutical and medicine

manufacturing 2,402,853 10,848,719

Other chemical manufacturing 2,239,659 4,742,109

Plastics and rubber products

manufacturing 296,012 771,676

Nonmetallic mineral product

manufacturing 324,211 461,182

Primary metal manufacturing 195,236 555,102

Fabricated metal product

manufacturing 250,052 859,174

Machinery manufacturing 757,946 1,319,481

Computer and electronic product

manufacturing 2,967,835 9,967,333

Electric equipment, appliance,

and component manufacturing 455,653 1,100,977

Transportation equipment

manufacturing 1,722,301 5,048,873

Motor vehicles and parts

manufacturing 1,606,359 4,670,216

Other transportation equipment

manufacturing 115,942 378,658

Miscellaneous manufacturing 1,452,706 2,081,137

Distribution and transportation of

goods 3,677,559 9,469,588

Wholesale and retail trade (2) 3,581,317 9,137,951

Wholesale trade 2,922,607 7,958,354

Machinery, equipment, and

suppliers wholesalers 135,193 307,537

Drugs and druggists’ sundries

wholesalers 596,911 1,694,694

Grocery and related product

wholesalers 77,079 312,101

Petroleum and petroleum products

wholesalers 237,214 865,064

Other wholesale trade 1,876,209 4,778,957

Retail trade 658,711 1,179,596

Motor vehicle dealers and parts

dealers 4,749 6,165

Building materials and garden

equipment and supplies dealers 168,530 70,487

Food and beverage stores 57,555 150,605

Clothing and clothing

accessories stores 44,652 150,181

General merchandise stores 55,020 326,881

Other retailers 328,205 475,277

Transportation and warehousing 96,241 331,637

Transportation 65,521 340,239

Warehousing and storage 30,721 -8,602

Information 935,510 3,600,179

Publishing industries 143,181 848,303

Broadcasting and telecommunications 589,036 2,042,338

Other information industries 203,292 709,538

Finance, Insurance, real estate, and

rental and leasing 5,649,641 15,211,323

Depository credit intermediation 720,525 2,026,035

Nondepository credit intermediation 1,364,392 3,142,480

Security, commodity contracts and

other financial investments and

related products 2,196,629 3,616,197

Insurance carriers and related

activities 830,665 3,971,656

Funds, trusts, and other financial

activities 157,092 1,979,346

Real estate and rental and leasing 380,339 475,609

Services 4,156,364 26,495,610

Professional and business services 3,634,723 25,127,728

Education, health, and social

assistance 10,894 39,441

Leisure, accommodation, and food

services 469,841 928,301

Other services 40,906 400,141

Nature of business not allocable 14,063 -12,987

7,500 largest Controlled

Foreign Corporations

Foreign corporations

with current earnings

and profits (+) before

income taxes

Selected industrial sector of 7,500 Current

largest Controlled Foreign Corporations earnings Income

and profits taxes

before income

taxes

(9) (10)

All Industries 171,053,118 33,933,591

Raw materials and energy production 12,331,276 2,947,008

Agriculture, forestry, fishing, and

hunting 203,509 29,489

Mining 8,977,557 2,522,083

Oil and gas extraction 7,469,874 2,162,079

Coal mining 136,069 12,616

Metal ore mining 341,694 91,007

Other mining 1,029,920 256,381

Utilities 3,150,211 395,436

Goods production 74,417,394 17,072,191

Construction 812,824 260,709

Building, developing, and general

contracting 46,937 19,993

Heavy construction 184,117 36,249

Special trade contractors 581,770 204,467

Manufacturing 73,604,570 16,811,482

Food manufacturing 4,038,513 1,106,642

Beverage and tobacco product

manufacturing 6,731,931 1,541,355

Beverage manufacturing 3,596,086 686,580

Tobacco manufacturing 3,135,845 854,774

Textile mills and textile product

mills 107,775 26,246

Apparel manufacturing 634,994 45,728

Wood product manufacturing 55,108 10,496

Paper manufacturing 1,349,074 318,662

Petroleum and coal products

manufacturing 2,455,663 833,313

Chemical manufacturing 22,395,426 4,555,609

Pharmaceutical and medicine

manufacturing 13,994,127 2,371,128

Other chemical manufacturing 8,401,299 2,184,481

Plastics and rubber products

manufacturing 1,157,563 294,067

Nonmetallic mineral product

manufacturing 1,012,653 323,674

Primary metal manufacturing 762,899 193,955

Fabricated metal product

manufacturing 1,339,449 257,311

Machinery manufacturing 2,884,367 748,470

Computer and electronic product

manufacturing 14,204,725 2,933,755

Electric equipment, appliance,

and component manufacturing 2,215,365 438,297

Transportation equipment

manufacturing 8,050,656 1,694,643

Motor vehicles and parts

manufacturing 7,475,910 1,568,145

Other transportation equipment

manufacturing 574,747 126,498

Miscellaneous manufacturing 4,087,492 1,467,170

Distribution and transportation of

goods 15,890,302 3,610,476

Wholesale and retail trade (2) 15,250,347 3,508,439

Wholesale trade 12,821,571 2,831,133

Machinery, equipment, and

suppliers wholesalers 549,589 122,256

Drugs and druggists’ sundries

wholesalers 2,450,966 595,210

Grocery and related product

wholesalers 413,906 75,659

Petroleum and petroleum products

wholesalers 1,419,935 233,747

Other wholesale trade 7,987,176 1,804,261

Retail trade 2,428,776 677,306

Motor vehicle dealers and parts

dealers 33,130 4,749

Building materials and garden

equipment and supplies dealers 294,908 168,530

Food and beverage stores 208,160 57,555

Clothing and clothing

accessories stores 197,150 44,652

General merchandise stores 583,610 74,250

Other retailers 1,111,818 327,571

Transportation and warehousing 639,955 102,037

Transportation 566,362 71,528

Warehousing and storage 73,592 30,509

Information 6,526,211 926,861

Publishing industries 1,024,257 140,789

Broadcasting and telecommunications 4,412,755 584,283

Other information industries 1,089,199 201,790

Finance, Insurance, real estate, and

rental and leasing 25,891,751 5,411,396

Depository credit intermediation 3,073,563 719,747

Nondepository credit intermediation 5,274,811 1,329,965

Security, commodity contracts and

other financial investments and

related products 8,620,867 2,043,158

Insurance carriers and related

activities 5,334,608 793,389

Funds, trusts, and other financial

activities 2,247,578 153,597

Real estate and rental and leasing 1,340,323 371,541

Services 35,955,171 3,951,596

Professional and business services 33,842,316 3,438,438

Education, health, and social

assistance 71,138 10,894

Leisure, accommodation, and food

services 1,526,593 463,516

Other services 515,125 38,748

Nature of business not allocable 41,014 14,062

7,500 largest Controlled

Foreign Corporations

Foreign

corporations

with current

earnings and Distributions

profits (+) out of

before income earnings

taxes and profits

Selected industrial sector of 7,500

largest Controlled Foreign Corporations

Current Total

earnings and

profits after

income taxes

(11) (12)

All Industries 137,119,528 74,188,419

Raw materials and energy production 9,384,268 7,832,197

Agriculture, forestry, fishing, and

hunting 174,020 16,086

Mining 6,455,473 6,020,304

Oil and gas extraction 5,307,795 5,419,612

Coal mining 123,453 117

Metal ore mining 250,687 143,389

Other mining 773,538 457,187

Utilities 2,754,775 1,895,807

Goods production 57,345,203 28,272,530

Construction 552,115 497,709

Building, developing, and general

contracting 26,944 15,852

Heavy construction 147,869 45,017

Special trade contractors 377,303 438,840

Manufacturing 56,793,088 27,774,821

Food manufacturing 2,931,872 2,677,420

Beverage and tobacco product

manufacturing 5,190,577 2,044,884

Beverage manufacturing 2,909,506 1,245,241

Tobacco manufacturing 2,281,071 799,643

Textile mills and textile product

mills 81,529 12,663

Apparel manufacturing 589,265 118,147

Wood product manufacturing 44,612 9,872

Paper manufacturing 1,030,412 728,482

Petroleum and coal products

manufacturing 1,622,349 1,720,676

Chemical manufacturing 17,839,817 7,658,315

Pharmaceutical and medicine

manufacturing 11,622,999 3,405,383

Other chemical manufacturing 6,216,818 4,252,932

Plastics and rubber products

manufacturing 863,496 605,160

Nonmetallic mineral product

manufacturing 688,978 434,591

Primary metal manufacturing 568,944 494,641

Fabricated metal product

manufacturing 1,082,138 499,703

Machinery manufacturing 2,135,898 1,292,151

Computer and electronic product

manufacturing 11,270,971 3,573,042

Electric equipment, appliance,

and component manufacturing 1,777,068 526,915

Transportation equipment

manufacturing 6,356,013 3,880,903

Motor vehicles and parts

manufacturing 5,907,764 3,642,473

Other transportation equipment

manufacturing 448,249 238,430

Miscellaneous manufacturing 2,620,323 1,492,961

Distribution and transportation of

goods 12,279,826 7,533,057

Wholesale and retail trade (2) 11,741,908 6,770,895

Wholesale trade 9,990,438 5,623,264

Machinery, equipment, and

suppliers wholesalers 427,332 176,822

Drugs and druggists’ sundries

wholesalers 1,855,757 1,343,423

Grocery and related product

wholesalers 338,247 175,636

Petroleum and petroleum products

wholesalers 1,186,188 469,848

Other wholesale trade 6,182,915 3,457,536

Retail trade 1,751,469 1,147,631

Motor vehicle dealers and parts

dealers 28,381 29,352

Building materials and garden

equipment and supplies dealers 126,378 143,429

Food and beverage stores 150,605 —

Clothing and clothing

accessories stores 152,499 21,777

General merchandise stores 509,360 592,465

Other retailers 784,247 360,609

Transportation and warehousing 537,918 762,162

Transportation 494,834 732,180

Warehousing and storage 43,083 29,981

Information 5,599,350 1,196,622

Publishing industries 883,468 418,036

Broadcasting and telecommunications 3,828,473 417,086

Other information industries 887,410 361,500

Finance, Insurance, real estate, and

rental and leasing 20,480,354 10,025,823

Depository credit intermediation 2,353,817 1,059,884

Nondepository credit intermediation 3,944,846 1,787,336

Security, commodity contracts and

other financial investments and

related products 6,577,709 4,195,913

Insurance carriers and related

activities 4,541,219 1,762,241

Funds, trusts, and other financial

activities 2,093,981 699,739

Real estate and rental and leasing 968,783 520,709

Services 32,003,575 19,218,134

Professional and business services 30,403,877 18,721,411

Education, health, and social

assistance 60,244 80,187

Leisure, accommodation, and food

services 1,063,077 272,543

Other services 476,377 143,993

Nature of business not allocable 26,951 10,057

7,500 largest Controlled

Foreign Corporations

Distributions out

of earnings and profits

Selected industrial sector of 7,500

largest Controlled Foreign Corporations

Not previously Previously

taxed taxed

earnings earnings

and profits and profits

(13) (14)

All Industries 49,586,670 24,601,749

Raw materials and energy production 7,262,112 670,085

Agriculture, forestry, fishing, and

hunting 16,086 —

Mining 5,438,094 582,211

Oil and gas extraction 4,921,863 497,748

Coal mining — 117

Metal ore mining 140,274 3,115

Other mining 375,956 81,231

Utilities 1,807,933 87,874

Goods production 20,080,468 8,192,082

Construction 395,316 102,393

Building, developing, and general

contracting 15,852 —

Heavy construction 41,750 3,266

Special trade contractors 337,714 99,126

Manufacturing 19,685,152 8,089,669

Food manufacturing 2,534,229 143,190

Beverage and tobacco product

manufacturing 1,557,138 487,746

Beverage manufacturing 1,069,116 176,124

Tobacco manufacturing 488,022 311,622

Textile mills and textile product

mills 12,270 393

Apparel manufacturing 63,441 54,705

Wood product manufacturing 9,872 —

Paper manufacturing 537,305 191,178

Petroleum and coal products

manufacturing 1,246,409 474,267

Chemical manufacturing 5,121,581 2,536,734

Pharmaceutical and medicine

manufacturing 1,767,749 1,637,633

Other chemical manufacturing 3,353,831 899,101

Plastics and rubber products

manufacturing 561,056 44,104

Nonmetallic mineral product

manufacturing 349,045 85,546

Primary metal manufacturing 390,912 103,729

Fabricated metal product

manufacturing 343,191 156,512

Machinery manufacturing 1,193,847 98,304

Computer and electronic product

manufacturing 2,292,602 1,280,441

Electric equipment, appliance,

and component manufacturing 325,697 201,218

Transportation equipment

manufacturing 1,961,367 1,919,536

Motor vehicles and parts

manufacturing 1,746,634 1,895,838

Other transportation equipment

manufacturing 214,733 23,697

Miscellaneous manufacturing 1,180,895 312,065

Distribution and transportation of

goods 4,273,290 3,259,767

Wholesale and retail trade (2) 4,159,386 2,611,509

Wholesale trade 3,207,808 2,415,456

Machinery, equipment, and

suppliers wholesalers 132,309 44,513

Drugs and druggists’ sundries

wholesalers 877,082 466,361

Grocery and related product

wholesalers 151,957 23,678

Petroleum and petroleum products

wholesalers 354,637 115,211

Other wholesale trade 1,691,843 1,765,692

Retail trade 951,578 196,054

Motor vehicle dealers and parts

dealers 3,931 25,421

Building materials and garden

equipment and supplies dealers 136,283 7,146

Food and beverage stores — —

Clothing and clothing

accessories stores 21,777 —

General merchandise stores 548,925 43,540

Other retailers 240,661 119,947

Transportation and warehousing 113,904 648,258

Transportation 83,922 648,258

Warehousing and storage 29,981 —

Information 967,233 229,389

Publishing industries 403,049 14,988

Broadcasting and telecommunications 357,506 59,580

Other information industries 208,678 154,821

Finance, Insurance, real estate, and

rental and leasing 3,696,583 6,329,240

Depository credit intermediation 312,016 747,868

Nondepository credit intermediation 562,101 1,225,234

Security, commodity contracts and

other financial investments and

related products 1,711,725 2,484,188

Insurance carriers and related

activities 456,679 1,305,562

Funds, trusts, and other financial

activities 281,365 418,374

Real estate and rental and leasing 372,696 148,013

Services 13,306,986 5,911,149

Professional and business services 12,836,206 5,885,205

Education, health, and social

assistance 80,187 —

Leisure, accommodation, and food

services 265,835 6,708

Other services 124,757 19,236

Nature of business not allocable — 10,057

7,500 largest Controlled

Foreign Corporations

Selected industrial sector of 7,500

largest Controlled Foreign Corporations Dividends

paid to Total

controlling Subpart F

U.S. income

corporation

(15) (16)

All Industries 26,885,724 20,238,440

Raw materials and energy production 2,947,397 587,938

Agriculture, forestry, fishing, and

hunting 10,613 15,125

Mining 2,743,968 445,057

Oil and gas extraction 2,526,845 256,442

Coal mining — 533

Metal ore mining 59,383 5,384

Other mining 157,739 182,697

Utilities 192,816 127,755

Goods production 10,226,541 7,329,874

Construction 44,178 32,582

Building, developing, and general

contracting — —

Heavy construction — 14,785

Special trade contractors 44,178 17,797

Manufacturing 10,182,363 7,297,393

Food manufacturing 928,156 86,461

Beverage and tobacco product

manufacturing 777,954 1,115,099

Beverage manufacturing 670,231 169,277

Tobacco manufacturing 107,723 945,821

Textile mills and textile product

mills 2,028 7,237

Apparel manufacturing 39,122 138,202

Wood product manufacturing 8,032 —

Paper manufacturing 291,550 78,260

Petroleum and coal products

manufacturing 730,686 252,127

Chemical manufacturing 1,913,630 1,898,944

Pharmaceutical and medicine

manufacturing 530,430 1,196,088

Other chemical manufacturing 1,383,200 702,856

Plastics and rubber products

manufacturing 338,623 26,272

Nonmetallic mineral product

manufacturing 86,570 104,946

Primary metal manufacturing 213,366 93,400

Fabricated metal product

manufacturing 90,387 138,261

Machinery manufacturing 959,108 267,712

Computer and electronic product

manufacturing 1,711,598 1,311,987

Electric equipment, appliance,

and component manufacturing 159,947 214,554

Transportation equipment

manufacturing 1,251,236 1,390,324

Motor vehicles and parts

manufacturing 1,242,758 1,360,004

Other transportation equipment

manufacturing 8,478 30,320

Miscellaneous manufacturing 677,238 173,608

Distribution and transportation of

goods 3,119,020 2,285,859

Wholesale and retail trade (2) 3,105,020 2,011,325

Wholesale trade 2,255,171 1,797,751

Machinery, equipment, and

suppliers wholesalers 42,339 26,255

Drugs and druggists’ sundries

wholesalers 725,468 158,824

Grocery and related product

wholesalers 111,626 25,120

Petroleum and petroleum products

wholesalers 253,384 125,665

Other wholesale trade 1,122,355 1,461,885

Retail trade 849,849 213,574

Motor vehicle dealers and parts

dealers — 4,524

Building materials and garden

equipment and supplies dealers 132,631 7,146

Food and beverage stores — —

Clothing and clothing

accessories stores 21,476 89,694

General merchandise stores 458,004 56,956

Other retailers 237,738 55,253

Transportation and warehousing 14,000 274,534

Transportation 14,000 274,534

Warehousing and storage — —

Information 235,118 260,345

Publishing industries 92,237 64,856

Broadcasting and telecommunications 20,353 59,085

Other information industries 122,528 136,404

Finance, Insurance, real estate, and

rental and leasing 1,061,827 5,520,693

Depository credit intermediation 67,790 155,976

Nondepository credit intermediation 204,338 725,118

Security, commodity contracts and

other financial investments and

related products 467,372 2,071,936

Insurance carriers and related

activities 102,882 1,864,832

Funds, trusts, and other financial

activities 151,700 595,294

Real estate and rental and leasing 67,746 107,537

Services 9,295,822 4,252,819

Professional and business services 9,213,998 4,152,053

Education, health, and social

assistance 24,376 583

Leisure, accommodation, and food

services 42,627 53,150

Other services 14,820 47,034

Nature of business not allocable — 813

7,500 largest Controlled

Foreign Corporations

Receipts by foreign

corporations from

Selected industrial sector of 7,500

largest Controlled Foreign Corporations

All related

All sources parties

(17) (18)

All Industries 1,749,516,820 502,808,237

Raw materials and energy production 71,311,519 12,635,687

Agriculture, forestry, fishing, and

hunting 4,677,177 2,300,601

Mining 39,220,498 8,130,930

Oil and gas extraction 30,242,547 6,896,716

Coal mining 634,005 164,988

Metal ore mining 2,298,676 346,326

Other mining 6,047,270 722,901

Utilities 27,413,844 2,198,136

Goods production 923,232,646 324,118,386

Construction 12,257,735 983,924

Building, developing, and general

contracting 382,207 64,724

Heavy construction 3,770,281 31,746

Special trade contractors 8,105,247 887,454

Manufacturing 910,974,911 323,134,482

Food manufacturing 59,631,107 6,549,519

Beverage and tobacco product

manufacturing 51,048,091 9,002,078

Beverage manufacturing 23,466,190 2,940,964

Tobacco manufacturing 27,581,901 6,121,115

Textile mills and textile product

mills 1,595,707 414,198

Apparel manufacturing 7,217,263 3,869,982

Wood product manufacturing 528,432 63,575

Paper manufacturing 22,875,042 3,885,236

Petroleum and coal products

manufacturing 72,797,524 13,239,056

Chemical manufacturing 154,979,722 44,820,522

Pharmaceutical and medicine

manufacturing 63,489,100 22,042,991

Other chemical manufacturing 91,490,622 22,777,530

Plastics and rubber products

manufacturing 17,081,640 6,818,181

Nonmetallic mineral product

manufacturing 9,314,505 1,371,036

Primary metal manufacturing 8,061,639 2,125,985

Fabricated metal product

manufacturing 16,694,495 3,003,750

Machinery manufacturing 42,462,356 13,567,820

Computer and electronic product

manufacturing 162,372,176 76,103,431

Electric equipment, appliance,

and component manufacturing 31,363,798 14,612,344

Transportation equipment

manufacturing 206,539,178 100,940,268

Motor vehicles and parts

manufacturing 198,420,877 103,920,447

Other transportation equipment

manufacturing 8,118,301 3,019,820

Miscellaneous manufacturing 45,005,034 15,589,639

Distribution and transportation of

goods 355,151,932 73,123,199

Wholesale and retail trade (2) 345,138,283 70,361,244

Wholesale trade 286,723,573 68,454,878

Machinery, equipment, and

suppliers wholesalers 16,677,369 2,636,397

Drugs and druggists’ sundries

wholesalers 21,889,765 8,212,504

Grocery and related product

wholesalers 7,075,284 1,304,427

Petroleum and petroleum products

wholesalers 56,833,451 11,255,959

Other wholesale trade 184,247,704 45,045,591

Retail trade 58,414,710 1,906,366

Motor vehicle dealers and parts

dealers 2,415,334 113,846

Building materials and garden

equipment and supplies dealers 3,893,908 209,299

Food and beverage stores 6,651,747 8,543

Clothing and clothing

accessories stores 3,684,229 333,405

General merchandise stores 16,692,273 296,846

Other retailers 25,077,220 944,427

Transportation and warehousing 10,013,649 2,761,955

Transportation 7,560,423 2,393,166

Warehousing and storage 2,453,226 368,789

Information 32,507,167 3,088,152

Publishing industries 3,295,316 260,525

Broadcasting and telecommunications 20,740,593 1,891,609

Other information industries 8,471,257 936,018

Finance, Insurance, real estate, and

rental and leasing 185,490,963 35,399,943

Depository credit intermediation 14,126,210 2,703,390

Nondepository credit intermediation 25,985,055 5,006,580

Security, commodity contracts and

other financial investments and

related products 71,162,644 13,793,758

Insurance carriers and related

activities 43,090,851 1,881,567

Funds, trusts, and other financial

activities 22,344,373 9,845,081

Real estate and rental and leasing 8,781,830 2,169,567

Services 180,629,840 54,345,072

Professional and business services 160,920,828 52,451,153

Education, health, and social

assistance 451,112 126,000

Leisure, accommodation, and food

services 15,670,847 769,095

Other services 3,587,053 998,824

Nature of business not allocable 1,192,754 97,817

7,500 largest Controlled

Foreign Corporations

Receipts by foreign

corporations from

Selected industrial sector of 7,500 Domestic

largest Controlled Foreign Corporations U.S. corporations

corporation controlled by

filing return U.S.

corporation

filing return

(19) (20)

All Industries 108,724,824 76,016,810

Raw materials and energy production 441,774 4,674,093

Agriculture, forestry, fishing, and

hunting 66,471 1,343,479

Mining 370,267 2,852,453

Oil and gas extraction 238,983 2,513,093

Coal mining — —

Metal ore mining 79,483 197,519

Other mining 51,801 141,840

Utilities 5,035 478,161

Goods production 93,298,898 47,729,842

Construction 14,674 102,723

Building, developing, and general

contracting — 431

Heavy construction — 352

Special trade contractors 14,674 101,940

Manufacturing 93,283,922 47,627,118

Food manufacturing 986,093 592,756

Beverage and tobacco product

manufacturing 3,229 1,086,716

Beverage manufacturing 3,229 679,551

Tobacco manufacturing — 407,165

Textile mills and textile product

mills 26,660 20,488

Apparel manufacturing 480,068 2,387,530

Wood product manufacturing 56,956 61

Paper manufacturing 1,344,963 198,195

Petroleum and coal products

manufacturing 1,510,006 4,586,834

Chemical manufacturing 6,210,713 5,317,201

Pharmaceutical and medicine

manufacturing 2,715,446 2,883,907

Other chemical manufacturing 3,495,267 2,433,294

Plastics and rubber products

manufacturing 2,345,810 201,974

Nonmetallic mineral product

manufacturing 303,635 286,335

Primary metal manufacturing 425,006 336,654

Fabricated metal product

manufacturing 740,128 509,254

Machinery manufacturing 4,567,375 1,330,795

Computer and electronic product

manufacturing 26,615,529 9,314,602

Electric equipment, appliance,

and component manufacturing 8,404,615 1,190,038

Transportation equipment

manufacturing 37,491,482 18,383,471

Motor vehicles and parts

manufacturing 38,581,029 16,876,003

Other transportation equipment

manufacturing 910,453 1,507,388

Miscellaneous manufacturing 1,909,001 1,641,360

Distribution and transportation of

goods 8,468,335 11,403,969

Wholesale and retail trade (2) 8,451,416 9,838,158

Wholesale trade 7,861,999 9,614,790

Machinery, equipment, and

suppliers wholesalers 915,816 148,677

Drugs and druggists’ sundries

wholesalers 16,970 133,316

Grocery and related product

wholesalers 176,800 562,663

Petroleum and petroleum products

wholesalers 20,744 3,905,455

Other wholesale trade 6,731,668 4,864,679

Retail trade 589,417 223,367

Motor vehicle dealers and parts

dealers 20,167 59

Building materials and garden

equipment and supplies dealers 102,115 9,965

Food and beverage stores 7,623 —

Clothing and clothing

accessories stores 127,730 —

General merchandise stores 42,012 3,640

Other retailers 289,770 209,704

Transportation and warehousing 16,919 1,565,811

Transportation 437 1,565,715

Warehousing and storage 16,482 96

Information 56,336 618,417

Publishing industries 25,722 19,277

Broadcasting and telecommunications 30,614 380,822

Other information industries — 218,318

Finance, Insurance, real estate, and

rental and leasing 2,684,198 6,577,002

Depository credit intermediation 1,288,178 774,590

Nondepository credit intermediation 84,025 305,038

Security, commodity contracts and

other financial investments and

related products 1,033,911 3,856,915

Insurance carriers and related

activities 165,599 481,803

Funds, trusts, and other financial

activities 41,030 242,807

Real estate and rental and leasing 71,455 915,849

Services 3,764,241 5,009,099

Professional and business services 3,298,071 4,774,554

Education, health, and social

assistance — —

Leisure, accommodation, and food

services 8,744 95,449

Other services 457,425 139,096

Nature of business not allocable 11,045 4,388

7,500 largest Controlled

Foreign Corporations

Receipts by foreign

corporations from

Selected industrial sector of 7,500 Any foreign

largest Controlled Foreign Corporations corporations

controlled by

U.S. All other

corporation related

filing return parties

(21) (22)

All Industries 318,024,799 42,104

Raw materials and energy production 7,516,876 2,924

Agriculture, forestry, fishing, and

hunting 898,650 —

Mining 4,908,211 —

Oil and gas extraction 4,144,640 —

Coal mining 164,988 —

Metal ore mining 69,324 —

Other mining 529,259 —

Utilities 1,710,016 2,924

Goods production 183,058,728 31,221

Construction 865,494 1,034

Building, developing, and general

contracting 64,293 —

Heavy construction 31,394 —

Special trade contractors 769,807 1,034

Manufacturing 182,193,234 30,187

Food manufacturing 5,270,671 —

Beverage and tobacco product

manufacturing 7,972,133 —

Beverage manufacturing 2,258,183 —

Tobacco manufacturing 5,713,950 —

Textile mills and textile product

mills 367,048 —

Apparel manufacturing 1,002,384 —

Wood product manufacturing 4,556 —

Paper manufacturing 2,342,078 —

Petroleum and coal products

manufacturing 7,142,093 123

Chemical manufacturing 33,292,608 —

Pharmaceutical and medicine

manufacturing 16,443,638 —

Other chemical manufacturing 16,848,970 —

Plastics and rubber products

manufacturing 4,270,397 —

Nonmetallic mineral product

manufacturing 751,001 30,064

Primary metal manufacturing 1,364,305 —

Fabricated metal product

manufacturing 2,434,368 —

Machinery manufacturing 7,669,650 —

Computer and electronic product

manufacturing 40,173,299 —

Electric equipment, appliance,

and component manufacturing 5,017,691 —

Transportation equipment

manufacturing 51,005,314 —

Motor vehicles and parts

manufacturing 50,463,335 —

Other transportation equipment

manufacturing 601,979 —

Miscellaneous manufacturing 12,039,218 —

Distribution and transportation of

goods 53,243,884 7,012

Wholesale and retail trade (2) 52,064,659 7,012

Wholesale trade 50,971,077 7,012

Machinery, equipment, and

suppliers wholesalers 1,571,904 —

Drugs and druggists’ sundries

wholesalers 8,055,710 6,508

Grocery and related product

wholesalers 564,964 —

Petroleum and petroleum products

wholesalers 7,329,760 —

Other wholesale trade 33,448,740 504

Retail trade 1,093,582 —

Motor vehicle dealers and parts

dealers 93,621 —

Building materials and garden

equipment and supplies dealers 97,218 —

Food and beverage stores 920 —

Clothing and clothing

accessories stores 205,675 —

General merchandise stores 251,194 —

Other retailers 444,954 —

Transportation and warehousing 1,179,225 —

Transportation 827,014 —

Warehousing and storage 352,211 —

Information 2,413,399 —

Publishing industries 215,526 —

Broadcasting and telecommunications 1,480,173 —

Other information industries 717,700 —

Finance, Insurance, real estate, and

rental and leasing 26,137,796 948

Depository credit intermediation 640,622 —

Nondepository credit intermediation 4,617,518 —

Security, commodity contracts and

other financial investments and

related products 8,901,984 948

Insurance carriers and related

activities 1,234,166 —

Funds, trusts, and other financial

activities 9,561,244 —

Real estate and rental and leasing 1,182,262 —

Services 45,571,732 —

Professional and business services 44,378,528 —

Education, health, and social

assistance 126,000 —

Leisure, accommodation, and food

services 664,901 —

Other services 402,303 —

Nature of business not allocable 82,384 —

7,500 largest Controlled

Foreign Corporations

Receipts Payments

by foreign by foreign

corporations corporations

from to

Selected industrial sector of 7,500

largest Controlled Foreign Corporations

Unrelated All recipients

parties

(23) (24)

All Industries 1,253,389,403 1,675,129,198

Raw materials and energy production 58,776,398 70,628,588

Agriculture, forestry, fishing, and

hunting 2,369,899 4,546,193

Mining 31,188,791 40,000,999

Oil and gas extraction 23,433,091 31,609,881

Coal mining 469,017 531,508

Metal ore mining 1,954,800 2,337,101

Other mining 5,331,877 5,522,509

Utilities 25,217,709 26,081,396

Goods production 601,706,477 886,433,996

Construction 11,273,810 12,008,802

Building, developing, and general

contracting 317,483 359,708

Heavy construction 3,738,535 3,607,124

Special trade contractors 7,217,793 8,041,970

Manufacturing 590,431,667 874,425,193

Food manufacturing 5,310,311 58,685,092

Beverage and tobacco product

manufacturing 41,986,029 46,700,499

Beverage manufacturing 20,525,227 21,455,186

Tobacco manufacturing 21,460,802 25,245,313

Textile mills and textile product

mills 1,188,187 1,506,493

Apparel manufacturing 3,347,281 6,889,575

Wood product manufacturing 464,857 512,424

Paper manufacturing 18,989,800 22,902,331

Petroleum and coal products

manufacturing 59,558,468 71,694,902

Chemical manufacturing 110,520,034 143,183,824

Pharmaceutical and medicine

manufacturing 41,454,298 54,252,145

Other chemical manufacturing 69,005,737 88,931,679

Plastics and rubber products

manufacturing 10,263,523 16,547,563

Nonmetallic mineral product

manufacturing 7,952,524 7,593,169

Primary metal manufacturing 5,935,675 7,720,781

Fabricated metal product

manufacturing 13,040,620 16,112,479

Machinery manufacturing 28,886,624 41,716,974

Computer and electronic product

manufacturing 88,278,758 154,652,082

Electric equipment, appliance,

and component manufacturing 16,757,036 30,572,827

Transportation equipment

manufacturing 99,641,522 202,617,077

Motor vehicles and parts

manufacturing 94,543,042 194,657,226

Other transportation equipment

manufacturing 5,098,481 7,959,851

Miscellaneous manufacturing 29,568,277 43,613,995

Distribution and transportation of

goods 282,477,544 351,324,528

Wholesale and retail trade (2) 275,220,541 341,218,649

Wholesale trade 218,700,867 282,773,395

Machinery, equipment, and

suppliers wholesalers 14,045,385 16,464,078

Drugs and druggists’ sundries

wholesalers 13,762,329 21,046,416

Grocery and related product

wholesalers 5,770,857 6,868,466

Petroleum and petroleum products

wholesalers 45,581,505 56,391,083

Other wholesale trade 139,540,791 182,003,352

Retail trade 56,519,674 56,445,254

Motor vehicle dealers and parts

dealers 2,301,488 2,436,300

Building materials and garden

equipment and supplies dealers 3,685,216 3,823,527

Food and beverage stores 6,643,204 6,501,731

Clothing and clothing

accessories stores 3,350,823 3,514,326

General merchandise stores 16,406,150 17,155,678

Other retailers 24,132,793 25,013,691

Transportation and warehousing 7,257,003 10,105,877

Transportation 5,170,202 7,696,789

Warehousing and storage 2,086,801 2,409,088

Information 29,505,045 30,846,494

Publishing industries 3,034,791 3,100,202

Broadcasting and telecommunications 18,935,015 19,511,991

Other information industries 7,535,239 8,234,301

Finance, Insurance, real estate, and

rental and leasing 150,682,191 174,872,842

Depository credit intermediation 11,480,469 12,522,560

Nondepository credit intermediation 21,040,876 23,557,869

Security, commodity contracts and

other financial investments and

related products 57,571,574 69,267,994

Insurance carriers and related

activities 41,306,036 40,254,572

Funds, trusts, and other financial

activities 12,607,186 21,260,482

Real estate and rental and leasing 6,676,049 8,009,345

Services 129,141,951 159,820,682

Professional and business services 111,070,713 141,489,282

Education, health, and social

assistance 348,813 488,786

Leisure, accommodation, and food

services 14,911,691 14,465,511

Other services 2,810,734 3,377,104

Nature of business not allocable 1,100,797 1,202,069

7,500 largest Controlled

Foreign Corporations

Payments by foreign

corporations to

Selected industrial sector of 7,500

largest Controlled Foreign Corporations

U.S.

All related corporation

parties filing return

(25) (26)

All Industries 535,575,579 146,216,959

Raw materials and energy production 13,848,173 2,286,620

Agriculture, forestry, fishing, and

hunting 873,119 15,413

Mining 9,540,450 2,210,290

Oil and gas extraction 8,050,919 2,135,239

Coal mining 46,022 —

Metal ore mining 199,376 6,612

Other mining 1,244,132 68,438

Utilities 3,434,605 60,917

Goods production 283,316,628 90,795,346

Construction 1,461,115 115,570

Building, developing, and general

contracting 13,507 2,022

Heavy construction 166,447 —

Special trade contractors 1,281,161 113,547

Manufacturing 281,855,513 90,679,777

Food manufacturing 9,708,771 1,063,543

Beverage and tobacco product

manufacturing 9,091,218 759,549

Beverage manufacturing 5,000,599 759,549

Tobacco manufacturing 4,090,619 —

Textile mills and textile product

mills 346,694 104,775

Apparel manufacturing 1,130,342 408,474

Wood product manufacturing 74,461 1,691

Paper manufacturing 4,049,666 855,835

Petroleum and coal products

manufacturing 15,128,880 1,008,542

Chemical manufacturing 46,383,609 12,852,929

Pharmaceutical and medicine

manufacturing 21,335,142 3,485,176

Other chemical manufacturing 25,048,467 9,367,753

Plastics and rubber products

manufacturing 6,133,374 2,162,592

Nonmetallic mineral product

manufacturing 1,888,133 524,441

Primary metal manufacturing 1,749,404 437,368

Fabricated metal product

manufacturing 3,572,180 1,048,635

Machinery manufacturing 10,603,509 4,220,469

Computer and electronic product

manufacturing 75,200,155 26,382,285

Electric equipment, appliance,

and component manufacturing 7,627,766 3,128,400

Transportation equipment

manufacturing 75,054,284 31,528,660

Motor vehicles and parts

manufacturing 73,429,036 31,209,676

Other transportation equipment

manufacturing 1,625,248 318,984

Miscellaneous manufacturing 13,954,372 4,084,498

Distribution and transportation of

goods 123,075,147 33,363,169

Wholesale and retail trade (2) 119,731,607 33,236,241

Wholesale trade 108,273,780 29,549,531

Machinery, equipment, and

suppliers wholesalers 8,497,771 4,730,322

Drugs and druggists’ sundries

wholesalers 9,469,414 1,386,477

Grocery and related product

wholesalers 2,225,502 239,283

Petroleum and petroleum products

wholesalers 8,495,687 302,148

Other wholesale trade 79,578,654 22,891,301

Retail trade 11,457,827 3,686,711

Motor vehicle dealers and parts

dealers 906,189 16,222

Building materials and garden

equipment and supplies dealers 2,185,369 1,865,990

Food and beverage stores 136,959 135,817

Clothing and clothing

accessories stores 431,511 105,053

General merchandise stores 2,403,692 165,752

Other retailers 5,394,107 1,397,876

Transportation and warehousing 3,343,540 126,927

Transportation 1,970,617 45,520

Warehousing and storage 1,372,923 81,407

Information 5,804,919 392,025

Publishing industries 636,519 164,541

Broadcasting and telecommunications 2,648,267 197,012

Other information industries 2,520,133 30,472

Finance, Insurance, real estate, and

rental and leasing 44,352,054 7,871,308

Depository credit intermediation 3,545,109 604,687

Nondepository credit intermediation 6,193,892 1,379,296

Security, commodity contracts and

other financial investments and

related products 17,716,696 1,728,146

Insurance carriers and related

activities 2,991,295 544,765

Funds, trusts, and other financial

activities 12,234,694 3,452,312

Real estate and rental and leasing 1,670,368 162,103

Services 65,112,173 11,503,169

Professional and business services 62,426,088 10,766,621

Education, health, and social

assistance 152,295 —

Leisure, accommodation, and food

services 1,665,083 468,103

Other services 868,726 268,444

Nature of business not allocable 66,486 5,322

7,500 largest Controlled

Foreign Corporations

Payments by foreign

corporations to

Selected industrial sector of 7,500

largest Controlled Foreign Corporations Domestic Any foreign

corporations corporations

controlled by controlled by

U.S. U.S.

corporation corporation

filing return filing return

(27) (28)

All Industries 108,077,629 280,554,133

Raw materials and energy production 3,889,565 7,668,585

Agriculture, forestry, fishing, and

hunting 180,751 676,954

Mining 3,272,279 4,057,881

Oil and gas extraction 2,352,350 3,563,330

Coal mining 395 45,627

Metal ore mining 125,767 66,998

Other mining 793,767 381,927

Utilities 436,535 2,933,750

Goods production 49,624,074 142,260,633

Construction 367,455 903,748

Building, developing, and general

contracting 2,312 9,173

Heavy construction 45,983 53,805

Special trade contractors 319,159 840,770

Manufacturing 49,256,620 141,356,886

Food manufacturing 1,518,258 7,123,271

Beverage and tobacco product

manufacturing 3,061,510 5,269,852

Beverage manufacturing 1,973,228 2,267,515

Tobacco manufacturing 1,088,282 3,002,337

Textile mills and textile product

mills 22,093 219,826

Apparel manufacturing 305,611 416,257

Wood product manufacturing 71,582 1,188

Paper manufacturing 584,997 2,608,833

Petroleum and coal products

manufacturing 4,803,100 8,823,189

Chemical manufacturing 8,900,155 24,567,757

Pharmaceutical and medicine

manufacturing 5,761,139 12,088,827

Other chemical manufacturing 3,139,016 12,478,930

Plastics and rubber products

manufacturing 297,794 3,672,988

Nonmetallic mineral product

manufacturing 290,606 1,072,407

Primary metal manufacturing 402,576 909,461

Fabricated metal product

manufacturing 854,464 1,669,081

Machinery manufacturing 1,885,544 4,497,496

Computer and electronic product

manufacturing 16,119,230 32,698,334

Electric equipment, appliance,

and component manufacturing 1,632,083 2,866,861

Transportation equipment

manufacturing 6,199,386 37,326,238

Motor vehicles and parts

manufacturing 5,588,452 36,630,907

Other transportation equipment

manufacturing 610,934 695,331

Miscellaneous manufacturing 2,286,152 7,583,723

Distribution and transportation of

goods 16,300,100 73,411,628

Wholesale and retail trade (2) 15,254,899 71,240,467

Wholesale trade 13,300,469 65,423,781

Machinery, equipment, and

suppliers wholesalers 561,927 3,205,522

Drugs and druggists’ sundries

wholesalers 1,610,073 6,472,863

Grocery and related product

wholesalers 59,317 1,926,902

Petroleum and petroleum products

wholesalers 2,846,987 5,346,552

Other wholesale trade 8,220,047 48,468,376

Retail trade 1,954,431 5,816,685

Motor vehicle dealers and parts

dealers 113,900 776,067

Building materials and garden

equipment and supplies dealers 167,088 152,290

Food and beverage stores — 1,142

Clothing and clothing

accessories stores 88,473 237,985

General merchandise stores 471,497 1,766,443

Other retailers 1,113,472 2,882,759

Transportation and warehousing 1,045,201 2,171,160

Transportation 1,044,890 879,954

Warehousing and storage 311 1,291,205

Information 2,153,657 3,253,299

Publishing industries 102,165 369,813

Broadcasting and telecommunications 341,390 2,103,927

Other information industries 1,710,102 779,560

Finance, Insurance, real estate, and

rental and leasing 10,541,369 25,939,376

Depository credit intermediation 1,474,136 1,466,286

Nondepository credit intermediation 1,374,735 3,439,861

Security, commodity contracts and

other financial investments and

related products 6,030,937 9,957,613

Insurance carriers and related

activities 760,724 1,685,806

Funds, trusts, and other financial

activities 655,652 8,126,730

Real estate and rental and leasing 245,185 1,263,080

Services 25,555,159 27,973,153

Professional and business services 24,653,251 26,925,524

Education, health, and social

assistance 24,411 127,885

Leisure, accommodation, and food

services 587,367 609,593

Other services 290,130 310,152

Nature of business not allocable 13,705 47,460

7,500 largest Controlled

Foreign Corporations

Payments by foreign

corporations to

Selected industrial sector of 7,500

largest Controlled Foreign Corporations

All other Unrelated

related parties

parties

(29) (30)

All Industries 726,859 1,146,737,668

Raw materials and energy production 3,403 56,891,964

Agriculture, forestry, fishing, and

hunting — 3,673,075

Mining — 30,529,267

Oil and gas extraction — 23,565,680

Coal mining — 485,485

Metal ore mining — 2,137,725

Other mining — 4,340,377

Utilities 3,403 22,689,622

Goods production 636,574 607,668,648

Construction 74,343 10,614,337

Building, developing, and general

contracting — 346,201

Heavy construction 66,659 3,507,328

Special trade contractors 7,685 6,760,809

Manufacturing 562,231 597,054,311

Food manufacturing 3,699 49,013,818

Beverage and tobacco product

manufacturing 308 37,609,281

Beverage manufacturing 308 16,454,587

Tobacco manufacturing — 21,154,694

Textile mills and textile product

mills — 1,159,798

Apparel manufacturing — 5,759,233

Wood product manufacturing — 437,963

Paper manufacturing — 18,884,246

Petroleum and coal products

manufacturing 494,049 56,566,776

Chemical manufacturing 62,767 96,878,628

Pharmaceutical and medicine

manufacturing — 32,920,770

Other chemical manufacturing 62,767 63,957,857

Plastics and rubber products

manufacturing — 10,414,189

Nonmetallic mineral product

manufacturing 680 5,718,480

Primary metal manufacturing — 5,971,377

Fabricated metal product

manufacturing — 12,542,247

Machinery manufacturing — 31,149,918

Computer and electronic product

manufacturing 306 83,642,171

Electric equipment, appliance,

and component manufacturing 422 22,992,792

Transportation equipment

manufacturing — 127,579,253

Motor vehicles and parts

manufacturing — 121,228,191

Other transportation equipment

manufacturing — 6,351,062

Miscellaneous manufacturing — 29,689,730

Distribution and transportation of

goods 252 229,232,476

Wholesale and retail trade (2) — 222,468,161

Wholesale trade — 175,324,426

Machinery, equipment, and

suppliers wholesalers — 7,966,308

Drugs and druggists’ sundries

wholesalers — 11,621,997

Grocery and related product

wholesalers — 4,642,964

Petroleum and petroleum products

wholesalers — 47,895,396

Other wholesale trade — 103,175,096

Retail trade — 47,143,735

Motor vehicle dealers and parts

dealers — 1,530,111

Building materials and garden

equipment and supplies dealers — 1,759,870

Food and beverage stores — 6,364,773

Clothing and clothing

accessories stores — 3,082,815

General merchandise stores — 14,777,756

Other retailers — 19,628,409

Transportation and warehousing 252 6,764,315

Transportation 252 5,728,149

Warehousing and storage — 1,036,165

Information 5,937 25,046,568

Publishing industries — 2,463,683

Broadcasting and telecommunications 5,937 16,868,273

Other information industries — 5,714,613

Finance, Insurance, real estate, and

rental and leasing — 130,814,083

Depository credit intermediation — 8,993,286

Nondepository credit intermediation — 17,403,162

Security, commodity contracts and

other financial investments and

related products — 51,640,469

Insurance carriers and related

activities — 37,263,277

Funds, trusts, and other financial

activities — 9,026,100

Real estate and rental and leasing — 6,487,770

Services 80,892 95,948,237

Professional and business services 80,692 80,234,971

Education, health, and social

assistance — 337,049

Leisure, accommodation, and food

services — 12,802,592

Other services — 2,573,626

Nature of business not allocable — 1,135,711

(1) Number of returns is not additive because some U.S. corporations

had Controlled Foreign Corporations in more than one industrial group.

The industrial activity of the parent corporation filing the return

often differs from that of the Controlled Foreign Corporations.

(2) Includes “Wholesale and retail trade not allocable,” which is not

shown separately.

NOTE: Detail may not add to totals because of rounding and because

data are shown for selected industries only.

Table 2.–U.S. Corporations with Total Assets of $500 Million or More

and Their 7,500 Largest Controlled Foreign Corporations: Number,

Assets, Receipts, Earnings, Taxes, Distributions, and Subpart F Income,

by Selected Country of Incorporation of Controlled Foreign Corporation

[Money amounts are in thousands of dollars]

7,500 largest

Controlled

Foreign

Corporations

Selected country of incorporation of the Number of

7,500 largest Controlled Foreign U.S. Number of

Corporations corporation foreigns

returns (1) corporations

(1) (2)

All geographic areas 996 7,500

Canada 401 682

Latin America, total 339 1,125

Mexico 125 244

Central America, total 38 54

Costa Rica 6 6

El Salvador 4 5

Panama (including Canal Zone) 28 34

Caribbean countries, total 113 242

Cayman Islands (British) 99 216

South America, total 208 585

Argentina 92 133

Brazil 138 260

Chile 44 69

Colombia 25 30

Ecuador 6 7

Peru 14 20

Uruguay 10 12

Venezuela 34 47

Other Western Hemisphere, total 143 282

Bahamas 27 55

Bermuda 98 164

Netherlands Antilles 22 26

Europe, total 703 4,116

European Union, total 686 3,790

Austria 26 37

Belgium 102 171

Denmark 30 39

Finland 16 18

France (including Andorra) 231 479

Germany 241 516

Greece 11 14

Ireland 95 157

Italy (including San Marino) 148 242

Luxembourg 34 51

Netherlands 277 523

Portugal 28 39

Spain 120 177

Sweden 48 72

United Kingdom 467 1,255

Other West European countries, total 123 221

Norway 33 45

Switzerland 99 147

Turkey 19 26

East European countries, total 54 104

Romania 3 3

Former Soviet Union 14 21

Other East European countries (2) 45 81

Africa, total 51 82

North Africa, total 4 5

Morocco 3 3

East Africa, total 14 14

Kenya 3 3

West and Central Africa, total 15 29

Liberia 13 18

Nigeria 5 8

Southern Africa, total 24 34

South Africa 23 32

Asia, total 277 812

Middle East, total 21 31

Israel 13 22

Saudi Arabia 4 5

Southern and Southeastern Asia, total 124 274

India 20 30

Indonesia 9 11

Malaysia 32 45

Philippines 22 32

Singapore 72 111

Thailand 30 40

Eastern Asia, total 217 507

China 40 62

Hong Kong 78 127

Japan 149 236

South Korea, Republic of 35 41

Taiwan 33 41

Oceania, total 146 359

Australia 135 294

New Zealand 20 40

Other countries of Oceania 9 25

Puerto Rico and U.S. Possessions, total 34 42

Puerto Rico 29 37

U.S. Possessions, total 5 5

OPEC countries, total (countries included

above) 51 73

7,500 largest Controlled

Foreign Corporations

Total assets

Selected country of incorporation of the

7,500 largest Controlled Foreign Beginning of End of year

Corporations year

(3) (4)

All geographic areas 2,877,359,804 3,221,489,984

Canada 250,093,798 281,662,342

Latin America, total 302,389,255 353,590,992

Mexico 53,040,899 58,257,249

Central America, total 7,185,502 9,608,421

Costa Rica 391,303 645,565

El Salvador 309,253 593,281

Panama (including Canal Zone) 5,926,626 6,874,604

Caribbean countries, total 80,232,425 110,298,480

Cayman Islands (British) 75,380,090 102,568,195

South America, total 161,930,430 175,426,843

Argentina 25,571,486 28,926,649

Brazil 100,098,247 103,765,895

Chile 15,964,917 15,867,793

Colombia 4,853,062 7,529,136

Ecuador 483,374 608,573

Peru 4,425,606 4,845,970

Uruguay 1,033,588 1,231,903

Venezuela 8,121,697 11,225,087

Other Western Hemisphere, total 98,160,685 120,559,738

Bahamas 13,948,120 17,177,620

Bermuda 61,615,564 76,258,505

Netherlands Antilles 14,451,377 13,698,732

Europe, total 1,830,769,682 2,018,611,641

European Union, total 1,705,694,297 1,879,080,594

Austria 6,985,966 8,769,695

Belgium 59,162,112 65,111,959

Denmark 5,386,184 6,751,299

Finland 2,235,087 2,733,975

France (including Andorra) 128,386,034 149,626,229

Germany 200,465,239 239,357,165

Greece 1,124,288 1,081,417

Ireland 59,057,288 68,332,916

Italy (including San Marino) 58,141,603 58,872,456

Luxembourg 23,515,996 40,494,062

Netherlands 182,093,020 269,434,517

Portugal 4,756,025 6,092,275

Spain 36,540,456 50,886,466

Sweden 14,814,909 18,414,125

United Kingdom 923,030,089 893,122,039

Other West European countries, total 110,418,209 121,244,605

Norway 12,470,018 14,391,669

Switzerland 94,639,192 102,947,916

Turkey 3,084,926 3,596,694

East European countries, total 14,620,892 18,205,223

Romania 181,395 315,707

Former Soviet Union 4,118,369 2,636,003

Other East European countries (2) 10,357,412 15,334,732

Africa, total 18,066,197 18,406,418

North Africa, total 502,101 609,705

Morocco 329,136 391,826

East Africa, total 1,095,197 1,531,531

Kenya 290,216 298,224

West and Central Africa, total 11,654,696 10,691,441

Liberia 9,452,765 8,684,254

Nigeria 1,878,433 851,572

Southern Africa, total 4,814,204 5,573,742

South Africa 4,687,392 5,477,996

Asia, total 255,571,878 291,174,786

Middle East, total 7,032,505 8,344,924

Israel 4,552,364 5,771,833

Saudi Arabia 493,144 507,241

Southern and Southeastern Asia, total 77,714,294 82,287,415

India 2,217,210 3,111,481

Indonesia 1,437,570 1,133,696

Malaysia 12,909,406 13,829,457

Philippines 6,486,062 8,115,236

Singapore 45,669,549 46,176,980

Thailand 8,164,903 8,998,255

Eastern Asia, total 170,825,079 200,542,446

China 6,282,588 9,907,505

Hong Kong 64,822,352 63,493,434

Japan 81,485,026 106,127,818

South Korea, Republic of 5,340,684 6,363,321

Taiwan 12,894,429 14,650,368

Oceania, total 106,287,695 122,197,586

Australia 84,866,243 99,671,228

New Zealand 18,296,489 19,249,264

Other countries of Oceania 3,124,963 3,277,093

Puerto Rico and U.S. Possessions, total 16,050,614 15,286,480

Puerto Rico 13,503,402 13,503,438

U.S. Possessions, total 2,547,212 1,783,042

OPEC countries, total (countries included

above) 13,729,209 15,534,821

7,500 largest Controlled

Foreign Corporations

Current

Selected country of incorporation of the earnings and

7,500 largest Controlled Foreign Total profits (less

Corporations receipts deficit)

before income

taxes

(5) (6)

All geographic areas 1,749,516,820 143,840,451

Canada 209,536,478 12,741,305

Latin America, total 189,792,307 16,304,924

Mexico 51,502,322 4,444,735

Central America, total 5,319,653 694,507

Costa Rica 517,357 47,668

El Salvador 261,631 65,941

Panama (including Canal Zone) 4,023,451 547,430

Caribbean countries, total 27,673,282 4,026,429

Cayman Islands (British) 25,314,850 3,653,076

South America, total 105,297,050 7,139,253

Argentina 19,910,896 1,046,910

Brazil 63,245,520 3,872,005

Chile 5,627,735 177,591

Colombia 4,080,680 102,460

Ecuador 529,227 19,351

Peru 2,081,993 348,322

Uruguay 362,825 41,188

Venezuela 8,951,187 1,509,200

Other Western Hemisphere, total 35,329,495 4,355,812

Bahamas 5,039,661 263,161

Bermuda 18,553,756 3,576,294

Netherlands Antilles 900,887 163,409

Europe, total 1,023,483,319 91,400,402

European Union, total 946,491,073 84,378,402

Austria 8,307,734 597,072

Belgium 29,869,391 3,651,786

Denmark 4,354,852 220,423

Finland 3,028,707 364,623

France (including Andorra) 100,921,709 6,147,078

Germany 172,700,484 10,876,945

Greece 1,411,426 112,025

Ireland 30,728,775 8,475,201

Italy (including San Marino) 58,878,820 4,535,456

Luxembourg 7,313,710 1,710,622

Netherlands 168,176,648 20,484,601

Portugal 5,476,218 501,460

Spain 38,255,714 2,746,563

Sweden 15,700,595 1,559,879

United Kingdom 301,366,290 22,394,670

Other West European countries, total 65,475,217 6,272,194

Norway 9,076,703 308,703

Switzerland 49,534,635 5,509,135

Turkey 6,711,993 455,774

East European countries, total 11,480,140 748,190

Romania 53,745 10,426

Former Soviet Union 1,814,893 3,198

Other East European countries (2) 9,648,391 736,181

Africa, total 11,245,929 959,808

North Africa, total 1,061,261 54,110

Morocco 442,086 -3,072

East Africa, total 560,660 78,078

Kenya 339,096 61,120

West and Central Africa, total 5,041,503 664,973

Liberia 3,561,309 182,837

Nigeria 1,289,183 446,639

Southern Africa, total 4,582,504 162,648

South Africa 4,277,628 115,478

Asia, total 222,348,112 14,116,717

Middle East, total 4,994,656 764,461

Israel 3,776,405 882,800

Saudi Arabia 655,027 55,204

Southern and Southeastern Asia, total 63,794,302 4,056,062

India 1,997,732 -10,867

Indonesia 461,532 3,824

Malaysia 9,708,897 1,092,350

Philippines 3,598,467 573,176

Singapore 43,336,065 2,861,378

Thailand 4,550,258 -498,141

Eastern Asia, total 153,559,154 9,298,193

China 7,594,611 642,438

Hong Kong 28,162,314 2,534,775

Japan 100,277,687 5,254,307

South Korea, Republic of 5,644,496 130,437

Taiwan 11,880,047 734,237

Oceania, total 50,122,539 3,257,200

Australia 44,912,246 2,742,872

New Zealand 4,782,402 441,555

Other countries of Oceania 427,891 72,773

Puerto Rico and U.S. Possessions, total 7,658,641 704,282

Puerto Rico 5,276,082 703,538

U.S. Possessions, total 2,382,560 745

OPEC countries, total (countries included

above) 11,845,589 1,847,462

7,500 largest Controlled

Foreign Corporations

Current

Selected country of incorporation of the earnings and

7,500 largest Controlled Foreign profits (less

Corporations Income taxes deficit)

after income

taxes

(7) (8)

All geographic areas 34,744,726 109,095,725

Canada 4,295,507 8,445,798

Latin America, total 3,203,554 13,101,370

Mexico 877,233 3,567,502

Central America, total 61,042 633,465

Costa Rica 577 47,091

El Salvador 6,588 59,353

Panama (including Canal Zone) 43,263 504,167

Caribbean countries, total 379,793 3,646,636

Cayman Islands (British) 308,561 3,344,515

South America, total 1,885,486 5,253,767

Argentina 429,283 617,626

Brazil 1,061,766 2,810,239

Chile 43,323 134,268

Colombia 62,943 39,517

Ecuador 11,552 7,799

Peru 54,637 293,685

Uruguay 12,860 28,328

Venezuela 205,158 1,304,042

Other Western Hemisphere, total 634,141 3,721,671

Bahamas 123,034 140,127

Bermuda 445,113 3,131,181

Netherlands Antilles 13,392 150,017

Europe, total 20,726,049 70,674,354

European Union, total 19,600,587 64,777,815

Austria 139,572 457,500

Belgium 590,070 3,061,716

Denmark 84,452 135,971

Finland 92,691 271,932

France (including Andorra) 1,771,403 4,375,675

Germany 3,785,465 7,091,480

Greece 59,491 52,533

Ireland 741,244 7,733,957

Italy (including San Marino) 2,094,651 2,440,805

Luxembourg 578,569 1,132,054

Netherlands 3,178,596 17,306,006

Portugal 139,535 361,925

Spain 609,303 2,137,260

Sweden 362,102 1,197,776

United Kingdom 5,373,443 17,021,227

Other West European countries, total 911,500 5,360,694

Norway 164,011 144,692

Switzerland 604,023 4,905,111

Turkey 143,285 312,489

East European countries, total 213,784 534,405

Romania 7,282 3,144

Former Soviet Union 27,035 -23,837

Other East European countries (2) 179,644 556,537

Africa, total 193,425 766,384

North Africa, total 17,841 36,269

Morocco 2,003 -5,075

East Africa, total 13,372 64,706

Kenya 10,063 51,057

West and Central Africa, total 121,081 543,892

Liberia 37,212 145,625

Nigeria 83,204 363,435

Southern Africa, total 41,131 121,517

South Africa 27,441 88,036

Asia, total 4,633,536 9,483,181

Middle East, total 181,378 583,083

Israel 172,631 710,169

Saudi Arabia 8,747 46,457

Southern and Southeastern Asia, total 669,748 3,386,313

India 38,638 -49,505

Indonesia 134 3,690

Malaysia 98,618 993,733

Philippines 113,663 459,513

Singapore 375,189 2,486,189

Thailand 41,875 -540,016

Eastern Asia, total 3,782,410 5,513,784

China 103,523 538,915

Hong Kong 409,247 2,125,528

Japan 3,051,943 2,202,364

South Korea, Republic of 98,396 32,040

Taiwan 119,301 614,936

Oceania, total 958,087 2,299,113

Australia 817,612 1,925,260

New Zealand 120,699 320,856

Other countries of Oceania 19,777 52,997

Puerto Rico and U.S. Possessions, total 100,427 603,855

Puerto Rico 94,280 609,258

U.S. Possessions, total 6,147 -5,403

OPEC countries, total (countries included

above) 297,243 1,550,219

7,500 largest Controlled

Foreign Corporations

Foreign corporations with

current earnings and profits

(+) before income taxes

Selected country of incorporation of the

7,500 largest Controlled Foreign Current

Corporations earnings and

profits Income taxes

before income

taxes

(9) (10)

All geographic areas 171,053,118 33,933,591

Canada 14,958,527 4,225,190

Latin America, total 21,330,383 3,005,998

Mexico 5,225,242 787,994

Central America, total 758,852 58,385

Costa Rica 63,426 551

El Salvador 65,941 6,588

Panama (including Canal Zone) 581,595 40,746

Caribbean countries, total 4,760,265 353,119

Cayman Islands (British) 4,267,149 282,067

South America, total 10,586,024 1,806,501

Argentina 1,697,030 420,434

Brazil 6,031,202 1,003,402

Chile 450,012 45,205

Colombia 210,827 53,951

Ecuador 49,593 11,552

Peru 404,939 54,637

Uruguay 51,615 12,860

Venezuela 1,668,116 200,496

Other Western Hemisphere, total 5,448,721 617,299

Bahamas 872,595 103,184

Bermuda 3,854,282 448,874

Netherlands Antilles 228,201 13,007

Europe, total 105,066,544 20,313,988

European Union, total 96,811,460 19,222,616

Austria 630,870 139,692

Belgium 3,831,719 583,877

Denmark 358,912 84,006

Finland 374,540 91,486

France (including Andorra) 7,721,938 1,752,939

Germany 12,319,686 3,751,907

Greece 140,394 59,491

Ireland 8,620,904 736,277

Italy (including San Marino) 5,056,497 2,070,622

Luxembourg 1,773,978 577,222

Netherlands 21,996,021 3,116,908

Portugal 572,501 139,269

Spain 2,947,815 599,819

Sweden 1,822,011 356,872

United Kingdom 28,643,675 5,162,229

Other West European countries, total 6,938,513 883,195

Norway 521,244 135,867

Switzerland 5,929,210 607,943

Turkey 480,998 139,385

East European countries, total 1,314,956 208,001

Romania 17,342 7,282

Former Soviet Union 236,264 22,786

Other East European countries (2) 1,062,965 178,109

Africa, total 1,170,881 187,608

North Africa, total 66,340 16,796

Morocco 9,158 957

East Africa, total 86,892 12,456

Kenya 61,120 10,063

West and Central Africa, total 768,817 117,227

Liberia 270,544 33,359

Nigeria 462,776 83,204

Southern Africa, total 248,832 41,129

South Africa 201,661 27,440

Asia, total 18,087,218 4,579,019

Middle East, total 973,003 180,370

Israel 912,075 171,744

Saudi Arabia 55,677 8,626

Southern and Southeastern Asia, total 5,619,875 619,928

India 110,507 35,606

Indonesia 69,282 129

Malaysia 1,198,879 98,175

Philippines 626,298 112,697

Singapore 3,310,986 331,109

Thailand 268,058 40,613

Eastern Asia, total 11,494,340 3,778,721

China 881,192 99,713

Hong Kong 2,996,713 400,807

Japan 6,334,275 3,050,478

South Korea, Republic of 320,450 96,339

Taiwan 961,710 131,384

Oceania, total 4,251,818 905,939

Australia 3,561,043 776,778

New Zealand 581,744 110,665

Other countries of Oceania 109,031 18,495

Puerto Rico and U.S. Possessions, total 739,025 98,549

Puerto Rico 716,919 92,402

U.S. Possessions, total 22,107 6,147

OPEC countries, total (countries included

above) 2,261,102 292,454

7,500 largest Controlled

Foreign Corporations

Foreign

corporations

with current

earnings and Distribution

profits (+) out of

before income earnings and

taxes profits

Selected country of incorporation of the

7,500 largest Controlled Foreign Current

Corporations earnings and

profits after Total

income taxes

(11) (12)

All geographic areas 137,119,528 74,188,419

Canada 10,733,337 7,715,410

Latin America, total 18,324,385 8,420,682

Mexico 4,437,248 1,841,098

Central America, total 700,467 811,888

Costa Rica 62,874 —

El Salvador 59,353 1,169

Panama (including Canal Zone) 540,849 808,949

Caribbean countries, total 4,407,145 1,200,293

Cayman Islands (British) 3,985,082 1,077,188

South America, total 8,779,524 4,567,402

Argentina 1,276,596 581,460

Brazil 5,027,800 2,836,838

Chile 404,807 284,926

Colombia 156,876 44,863

Ecuador 38,042 6,151

Peru 350,302 249,010

Uruguay 38,754 21,938

Venezuela 1,487,621 536,653

Other Western Hemisphere, total 4,831,423 1,977,534

Bahamas 769,410 212,178

Bermuda 3,405,408 1,382,554

Netherlands Antilles 215,194 215,253

Europe, total 84,752,556 46,338,950

European Union, total 77,588,844 43,704,744

Austria 491,178 223,800

Belgium 3,247,841 1,380,469

Denmark 274,905 173,138

Finland 283,054 41,024

France (including Andorra) 5,969,000 2,284,613

Germany 8,567,780 6,963,189

Greece 80,902 71,117

Ireland 7,884,627 1,515,602

Italy (including San Marino) 2,985,875 2,046,676

Luxembourg 1,196,756 1,309,860

Netherlands 18,879,113 7,620,670

Portugal 433,232 189,495

Spain 2,347,996 1,457,030

Sweden 1,465,139 1,068,061

United Kingdom 23,481,446 17,360,001

Other West European countries, total 6,055,318 2,269,183

Norway 385,377 245,372

Switzerland 5,321,267 1,855,903

Turkey 341,613 166,706

East European countries, total 1,106,955 365,023

Romania 10,061 —

Former Soviet Union 213,478 181,275

Other East European countries (2) 884,855 183,748

Africa, total 983,272 375,769

North Africa, total 49,544 8,427

Morocco 8,200 —

East Africa, total 74,436 2,109

Kenya 51,057 2,109

West and Central Africa, total 651,590 329,026

Liberia 237,186 154,972

Nigeria 379,572 161,535

Southern Africa, total 207,702 36,207

South Africa 174,222 23,836

Asia, total 13,508,200 6,956,249

Middle East, total 792,633 194,718

Israel 740,331 127,000

Saudi Arabia 47,051 67,718

Southern and Southeastern Asia, total 4,999,947 1,922,294

India 74,901 25,199

Indonesia 69,153 —

Malaysia 1,108,704 159,661

Philippines 513,601 399,496

Singapore 2,979,876 1,233,668

Thailand 227,446 103,125

Eastern Asia, total 7,715,619 4,839,236

China 781,479 256,377

Hong Kong 2,595,906 1,349,650

Japan 3,283,797 2,648,304

South Korea, Republic of 224,111 237,090

Taiwan 830,326 347,815

Oceania, total 3,345,880 2,355,077

Australia 2,784,265 1,913,876

New Zealand 471,078 365,971

Other countries of Oceania 90,536 75,230

Puerto Rico and U.S. Possessions, total 640,476 48,750

Puerto Rico 624,517 29,750

U.S. Possessions, total 15,959 19,000

OPEC countries, total (countries included

above) 1,968,648 765,906

7,500 largest Controlled

Foreign Corporations

Distribution out of earnings

Selected country of incorporation of the and profits

7,500 largest Controlled Foreign

Corporations Not

previously Previously

taxed taxed

earnings and earnings and

profits profits

(13) (14)

All geographic areas 48,586,670 24,601,746

Canada 4,625,267 3,089,142

Latin America, total 5,455,358 2,965,323

Mexico 1,594,016 247,082

Central America, total 168,742 643,146

Costa Rica — —

El Salvador 1,169 —

Panama (including Canal Zone) 165,803 643,146

Caribbean countries, total 431,141 769,152

Cayman Islands (British) 358,299 718,888

South America, total 3,261,459 1,305,944

Argentina 539,940 41,521

Brazil 1,960,808 876,031

Chile 122,590 162,336

Colombia 36,726 8,137

Ecuador 5,105 1,046

Peru 231,080 17,930

Uruguay 2,878 19,060

Venezuela 358,500 178,152

Other Western Hemisphere, total 185,159 1,792,375

Bahamas 66,247 145,931

Bermuda 90,850 1,291,704

Netherlands Antilles 2,346 212,907

Europe, total 32,277,458 14,061,492

European Union, total 31,031,280 12,673,464

Austria 191,421 32,380

Belgium 387,241 993,228

Denmark 99,410 73,728

Finland 20,855 20,169

France (including Andorra) 1,800,463 484,150

Germany 5,171,391 1,791,798

Greece 71,117 —

Ireland 597,285 918,317

Italy (including San Marino) 1,501,516 545,159

Luxembourg 517,579 792,281

Netherlands 4,723,421 2,897,248

Portugal 94,256 95,238

Spain 1,314,099 142,931

Sweden 770,738 297,323

United Kingdom 13,770,487 3,589,514

Other West European countries, total 1,035,903 1,233,281

Norway 220,592 24,779

Switzerland 663,080 1,192,823

Turkey 152,229 14,477

East European countries, total 210,275 154,748

Romania — —

Former Soviet Union 75,204 106,071

Other East European countries (2) 135,071 48,677

Africa, total 223,877 151,892

North Africa, total 8,427 —

Morocco — —

East Africa, total 1,356 753

Kenya 1,356 753

West and Central Africa, total 184,052 144,974

Liberia 26,211 128,761

Nigeria 145,322 16,213

Southern Africa, total 30,041 6,166

South Africa 17,670 6,166

Asia, total 5,164,071 1,792,178

Middle East, total 154,392 40,325

Israel 86,674 40,325

Saudi Arabia 67,718 —

Southern and Southeastern Asia, total 1,201,523 720,772

India 24,780 418

Indonesia — —

Malaysia 98,334 61,328

Philippines 361,791 37,704

Singapore 620,233 613,435

Thailand 95,510 7,615

Eastern Asia, total 3,808,156 1,031,081

China 250,343 6,034

Hong Kong 793,295 556,355

Japan 2,269,650 378,655

South Korea, Republic of 202,397 34,693

Taiwan 292,471 55,345

Oceania, total 1,626,123 728,953

Australia 1,481,370 432,505

New Zealand 127,647 238,325

Other countries of Oceania 17,107 58,123

Puerto Rico and U.S. Possessions, total 28,357 20,393

Puerto Rico 28,357 1,393

U.S. Possessions, total — 19,000

OPEC countries, total (countries included

above) 571,540 194,365

7,500 largest Controlled

Foreign Corporations

Dividends

Selected country of incorporation of the paid to

7,500 largest Controlled Foreign controlling

Corporations U.S. Total Subpart

corporation F income

(15) (16)

All geographic areas 28,885,724 20,238,440

Canada 2,982,712 1,938,338

Latin America, total 3,203,844 2,562,363

Mexico 726,685 622,884

Central America, total 167,221 264,498

Costa Rica — 879

El Salvador — 688

Panama (including Canal Zone) 165,803 262,931

Caribbean countries, total 91,045 1,248,427

Cayman Islands (British) 89,401 1,178,552

South America, total 2,218,892 526,554

Argentina 356,038 20,643

Brazil 1,458,406 312,611

Chile 86,107 87,020

Colombia 13,381 74,051

Ecuador 2,612 249

Peru 44,138 5,414

Uruguay 1,548 7,906

Venezuela 254,814 16,941

Other Western Hemisphere, total 134,224 2,295,870

Bahamas 52,794 166,266

Bermuda 53,365 1,694,529

Netherlands Antilles 2,346 170,811

Europe, total 16,361,978 11,048,947

European Union, total 15,695,344 9,467,378

Austria 118,450 37,654

Belgium 250,528 638,519

Denmark 11,438 72,288

Finland 11,179 17,230

France (including Andorra) 715,757 510,936

Germany 3,811,407 1,327,047

Greece 15,554 —

Ireland 181,932 884,430

Italy (including San Marino) 860,980 352,200

Luxembourg 422,225 235,072

Netherlands 1,544,445 2,982,594

Portugal 43,069 48,544

Spain 688,926 143,555

Sweden 611,117 54,006

United Kingdom 6,408,336 2,163,303

Other West European countries, total 582,747 1,553,097

Norway 54,396 62,639

Switzerland 486,723 1,461,086

Turkey 41,628 24,203

East European countries, total 83,888 27,033

Romania — —

Former Soviet Union 50,670 18,547

Other East European countries (2) 33,218 9,925

Africa, total 174,395 137,480

North Africa, total 4,000 —

Morocco — —

East Africa, total 622 2,150

Kenya 622 1,212

West and Central Africa, total 165,757 107,305

Liberia 10,096 82,035

Nigeria 143,142 1,250

Southern Africa, total 4,015 28,025

South Africa 4,015 28,025

Asia, total 2,996,721 1,472,049

Middle East, total 17,837 20,942

Israel 16,901 20,942

Saudi Arabia 936 —

Southern and Southeastern Asia, total 770,136 589,412

India 17,450 62

Indonesia — 379

Malaysia 95,280 39,812

Philippines 204,746 87,663

Singapore 369,860 412,665

Thailand 81,904 48,831

Eastern Asia, total 2,208,749 861,695

China 5,983 38,206

Hong Kong 209,031 510,143

Japan 1,633,072 282,727

South Korea, Republic of 207,433 15,208

Taiwan 153,230 15,410

Oceania, total 1,003,492 668,762

Australia 946,444 521,844

New Zealand 55,759 93,875

Other countries of Oceania 1,290 53,043

Puerto Rico and U.S. Possessions, total 28,357 14,830

Puerto Rico 28,357 14,448

U.S. Possessions, total — 382

OPEC countries, total (countries included

above) 398,892 18,570

7,500 largest Controlled

Foreign Corporations

Selected country of incorporation of the Receipts by foreign

7,500 largest Controlled Foreign corporations from

Corporations

All source All related

parties

(17) (18)

All geographic areas 1,749,516,820 502,808,237

Canada 209,536,478 69,770,045

Latin America, total 189,792,306 42,164,904

Mexico 51,502,322 15,472,553

Central America, total 5,319,653 2,823,454

Costa Rica 517,357 413,763

El Salvador 261,631 210

Panama (including Canal Zone) 4,023,451 2,242,552

Caribbean countries, total 27,673,282 11,242,366

Cayman Islands (British) 25,314,850 10,555,304

South America, total 105,297,050 12,626,531

Argentina 19,910,896 2,645,620

Brazil 63,245,520 8,271,128

Chile 5,627,735 570,130

Colombia 4,080,680 342,509

Ecuador 529,227 49,271

Peru 2,081,993 192,282

Uruguay 362,825 24,411

Venezuela 8,951,187 403,404

Other Western Hemisphere, total 35,329,495 11,396,845

Bahamas 5,039,661 678,586

Bermuda 18,553,756 5,241,530

Netherlands Antilles 900,887 282,557

Europe, total 1,023,483,319 301,838,956

European Union, total 946,491,073 278,444,590

Austria 8,307,734 4,245,247

Belgium 29,869,391 10,894,446

Denmark 4,354,852 1,297,171

Finland 3,028,707 214,974

France (including Andorra) 100,921,709 29,194,823

Germany 172,700,484 48,540,374

Greece 1,411,426 50,285

Ireland 30,728,775 11,621,949

Italy (including San Marino) 58,878,820 9,233,138

Luxembourg 7,313,710 2,894,559

Netherlands 168,176,648 67,568,125

Portugal 5,476,218 861,549

Spain 38,255,714 11,823,546

Sweden 15,700,595 3,143,544

United Kingdom 301,366,290 76,860,861

Other West European countries, total 65,475,217 21,901,860

Norway 9,076,703 1,590,323

Switzerland 49,534,635 19,714,808

Turkey 6,711,993 586,021

East European countries, total 11,480,140 1,490,528

Romania 53,745 5,051

Former Soviet Union 1,814,893 375,494

Other East European countries (2) 9,648,391 1,111,960

Africa, total 11,245,929 3,631,333

North Africa, total 1,061,261 15,739

Morocco 442,086 5,907

East Africa, total 560,660 120,295

Kenya 339,096 21,592

West and Central Africa, total 5,041,503 3,011,543

Liberia 3,561,309 2,051,844

Nigeria 1,289,183 816,073

Southern Africa, total 4,562,504 383,755

South Africa 4,277,628 382,725

Asia, total 222,348,112 64,778,481

Middle East, total 4,994,656 1,423,893

Israel 3,776,405 1,423,788

Saudi Arabia 655,027 105

Southern and Southeastern Asia, total 63,794,302 36,697,071

India 1,997,732 153,619

Indonesia 461,532 26,896

Malaysia 9,708,897 7,064,348

Philippines 3,598,467 1,090,494

Singapore 43,336,065 27,011,031

Thailand 4,550,258 1,324,336

Eastern Asia, total 153,559,154 26,657,497

China 7,594,611 2,049,269

Hong Kong 28,162,314 8,145,863

Japan 100,277,687 13,074,255

South Korea, Republic of 5,644,496 625,872

Taiwan 11,880,047 2,762,238

Oceania, total 50,122,539 7,450,118

Australia 44,912,246 6,590,532

New Zealand 4,782,402 745,483

Other countries of Oceania 427,891 114,102

Puerto Rico and U.S. Possessions, total 7,658,641 1,877,576

Puerto Rico 5,276,082 226,965

U.S. Possessions, total 2,382,560 1,650,610

OPEC countries, total (countries included

above) 11,845,589 1,246,478

7,500 largest Controlled

Foreign Corporations

Receipts by foreign

corporations from

Domestic

U.S. controlled by

Selected country of incorporation of the corporation U.S.

7,500 largest Controlled Foreign filing return corporation

Corporations filing return

(19) (20)

All geographic areas 108,724,524 76,016,810

Canada 37,139,689 21,426,605

Latin America, total 12,263,969 11,992,078

Mexico 5,445,266 6,819,033

Central America, total 317,316 658,051

Costa Rica 311,106 406

El Salvador — 210

Panama (including Canal Zone) 6,211 648,375

Caribbean countries, total 4,852,956 2,336,616

Cayman Islands (British) 4,612,755 1,973,726

South America, total 1,648,431 2,178,377

Argentina 225,254 198,554

Brazil 1,271,968 1,486,994

Chile 90,510 180,339

Colombia 19,581 93,989

Ecuador — 221

Peru — 101,491

Uruguay 1,314 12,036

Venezuela 39,803 47,801

Other Western Hemisphere, total 1,627,451 3,771,013

Bahamas 18,477 342,571

Bermuda 1,234,441 1,216,627

Netherlands Antilles 16,591 115,314

Europe, total 33,189,615 26,619,318

European Union, total 31,888,951 24,386,029

Austria 41,681 1,694,719

Belgium 613,261 1,544,357

Denmark 48,768 152,464

Finland 5,346 109,192

France (including Andorra) 2,915,592 1,821,322

Germany 4,152,349 3,928,539

Greece 3,872 61

Ireland 1,548,299 1,278,551

Italy (including San Marino) 633,402 919,868

Luxembourg 25,669 66,808

Netherlands 7,551,680 3,063,567

Portugal 66,497 21,460

Spain 731,231 303,042

Sweden 89,931 167,503

United Kingdom 13,461,372 9,314,576

Other West European countries, total 1,270,042 1,935,951

Norway 29,224 12,876

Switzerland 1,239,416 1,910,060

Turkey 1,402 13,005

East European countries, total 30,622 297,339

Romania — 531

Former Soviet Union — 58,014

Other East European countries (2) 30,622 238,793

Africa, total 11,093 2,600,984

North Africa, total 57 11,471

Morocco 57 1,922

East Africa, total — 13,327

Kenya — 10,544

West and Central Africa, total 7,309 2,492,530

Liberia 7,309 1,615,158

Nigeria — 815,986

Southern Africa, total 3,727 83,656

South Africa 3,727 82,846

Asia, total 22,637,024 8,343,360

Middle East, total 633,328 163,155

Israel 633,328 163,155

Saudi Arabia — —

Southern and Southeastern Asia, total 15,557,313 5,160,164

India 29,972 12,419

Indonesia 49 —

Malaysia 4,778,471 305,765

Philippines 247,585 83,202

Singapore 10,149,812 4,683,120

Thailand 351,444 53,792

Eastern Asia, total 6,446,382 3,020,041

China 618,190 27,843

Hong Kong 1,451,340 1,400,203

Japan 2,765,347 1,209,335

South Korea, Republic of 187,620 106,914

Taiwan 1,423,885 275,745

Oceania, total 385,316 896,887

Australia 363,716 859,296

New Zealand 21,601 34,380

Other countries of Oceania — 3,311

Puerto Rico and U.S. Possessions, total 1,470,367 366,466

Puerto Rico 139,228 69,053

U.S. Possessions, total 1,331,139 297,411

OPEC countries, total (countries included

above) 39,852 863,788

7,500 largest Controlled

Foreign Corporations

Receipts by foreign

corporations from

Any foreign

controlled by All other

Selected country of incorporation of the U.S. related

7,500 largest Controlled Foreign corporation parties

Corporations filing return

(21) (22)

All geographic areas 318,024,799 42,104

Canada 11,172,653 31,098

Latin America, total 17,904,985 3,872

Mexico 3,208,254 —

Central America, total 1,848,087 —

Costa Rica 102,251 —

El Salvador — —

Panama (including Canal Zone) 1,587,967 —

Caribbean countries, total 4,051,847 948

Cayman Islands (British) 3,967,876 948

South America, total 8,796,798 2,924

Argentina 2,221,812 —

Brazil 5,512,166 —

Chile 299,281 —

Colombia 228,483 455

Ecuador 49,050 —

Peru 90,792 —

Uruguay 11,061 —

Venezuela 313,331 2,469

Other Western Hemisphere, total 5,998,382 —

Bahamas 317,538 —

Bermuda 2,790,462 —

Netherlands Antilles 150,652 —

Europe, total 242,023,011 7,012

European Union, total 222,162,599 7,012

Austria 2,508,847 —

Belgium 8,736,828 —

Denmark 1,095,938 —

Finland 100,436 —

France (including Andorra) 24,457,908 —

Germany 40,458,982 504

Greece 46,352 —

Ireland 8,795,099 —

Italy (including San Marino) 7,673,360 6,508

Luxembourg 2,802,081 —

Netherlands 56,952,878 —

Portugal 773,592 —

Spain 10,789,274 —

Sweden 2,886,110 —

United Kingdom 54,084,913 —

Other West European countries, total 18,695,867 —

Norway 1,548,222 —

Switzerland 16,565,332 —

Turkey 571,614 —

East European countries, total 1,162,567 —

Romania 4,520 —

Former Soviet Union 317,480 —

Other East European countries (2) 842,545 —

Africa, total 919,256 —

North Africa, total 4,212 —

Morocco 3,928 —

East Africa, total 106,968 —

Kenya 11,048 —

West and Central Africa, total 511,704 —

Liberia 429,378 —

Nigeria 87 —

Southern Africa, total 296,372 —

South Africa 296,152 —

Asia, total 33,797,954 123

Middle East, total 627,410 —

Israel 627,305 —

Saudi Arabia 105 —

Southern and Southeastern Asia, total 15,979,471 123

India 111,228 —

Indonesia 26,847 —

Malaysia 1,980,092 —

Philippines 759,727 —

Singapore 12,178,099 —

Thailand 918,977 123

Eastern Asia, total 17,191,074 —

China 1,403,235 —

Hong Kong 5,294,320 —

Japan 9,099,572 —

South Korea, Republic of 331,338 —

Taiwan 1,062,608 —

Oceania, total 6,167,814 —

Australia 5,367,521 —

New Zealand 689,502 —

Other countries of Oceania 110,792 —

Puerto Rico and U.S. Possessions, total 40,744 —

Puerto Rico 18,684 —

U.S. Possessions, total 22,060 —

OPEC countries, total (countries included

above) 340,370 2,469

7,500 largest Controlled

Foreign Corporations

Payments by foreign

corporations to

Selected country of incorporation of the

7,500 largest Controlled Foreign Unrelated All

Corporations parties recipients

(23) (24)

All geographic areas 1,253,389,403 1,675,129,198

Canada 140,206,834 204,927,250

Latin America, total 147,888,319 182,348,328

Mexico 36,131,536 49,741,319

Central America, total 2,498,409 5,411,506

Costa Rica 103,593 469,438

El Salvador 261,421 201,656

Panama (including Canal Zone) 1,783,109 4,264,557

Caribbean countries, total 16,455,291 24,459,747

Cayman Islands (British) 14,783,921 22,462,496

South America, total 92,803,083 102,735,756

Argentina 17,293,637 19,415,327

Brazil 55,072,066 62,400,270

Chile 5,057,604 5,721,982

Colombia 3,738,172 3,964,678

Ecuador 479,956 514,165

Peru 1,896,092 2,031,273

Uruguay 338,413 348,630

Venezuela 8,547,932 7,820,325

Other Western Hemisphere, total 23,969,231 32,188,907

Bahamas 4,361,074 4,762,585

Bermuda 13,327,802 15,801,448

Netherlands Antilles 631,392 896,477

Europe, total 727,201,766 974,142,607

European Union, total 673,215,340 902,408,411

Austria 4,073,969 7,927,078

Belgium 19,042,229 28,554,897

Denmark 3,061,890 4,282,016

Finland 2,813,733 2,691,225

France (including Andorra) 72,152,487 97,478,628

Germany 126,187,495 167,288,074

Greece 1,361,141 1,358,608

Ireland 19,147,710 24,486,428

Italy (including San Marino) 49,736,915 57,341,426

Luxembourg 4,420,349 6,679,275

Netherlands 101,003,929 155,860,446

Portugal 4,614,668 5,141,987

Spain 26,441,223 36,540,270

Sweden 12,658,425 15,342,535

United Kingdom 226,499,177 291,435,518

Other West European countries, total 43,934,484 60,421,957

Norway 7,584,772 8,660,361

Switzerland 30,080,161 45,163,686

Turkey 6,128,374 6,448,877

East European countries, total 10,017,029 11,311,880

Romania 48,694 49,624

Former Soviet Union 1,459,436 2,129,887

Other East European countries (2) 8,543,813 9,132,728

Africa, total 7,717,569 10,772,850

North Africa, total 1,045,522 1,015,693

Morocco 436,179 444,611

East Africa, total 440,364 518,028

Kenya 317,504 310,622

West and Central Africa, total 2,031,375 4,749,909

Liberia 1,509,464 3,441,022

Nigeria 473,109 1,146,101

Southern Africa, total 4,200,307 4,489,220

South Africa 3,896,461 4,218,227

Asia, total 157,812,889 216,173,251

Middle East, total 3,570,887 4,747,927

Israel 2,352,741 3,385,758

Saudi Arabia 654,922 628,599

Southern and Southeastern Asia, total 27,199,934 61,769,129

India 1,844,113 2,003,492

Indonesia 434,636 486,593

Malaysia 2,657,804 8,878,425

Philippines 2,516,434 3,337,462

Singapore 16,406,021 41,864,831

Thailand 3,225,922 5,105,566

Eastern Asia, total 127,042,068 149,656,195

China 5,577,561 7,313,660

Hong Kong 20,118,287 27,227,656

Japan 87,208,405 97,578,454

South Korea, Republic of 5,018,623 5,787,984

Taiwan 9,119,191 11,748,440

Oceania, total 42,811,730 47,440,933

Australia 38,451,493 42,758,387

New Zealand 4,038,848 4,259,566

Other countries of Oceania 321,389 422,980

Puerto Rico and U.S. Possessions, total 5,781,066 7,135,071

Puerto Rico 5,049,117 4,603,392

U.S. Possessions, total 731,949 2,531,679

OPEC countries, total (countries included

above) 10,599,259 10,736,679

7,500 largest Controlled

Foreign Corporations

Payments by foreign

Selected country of incorporation of the corporations to

7,500 largest Controlled Foreign

Corporations U.S.

All related corporation

parties filing return

(25) (26)

All geographic areas 535,575,579 146,216,959

Canada 62,866,273 39,875,897

Latin America, total 44,689,115 14,679,819

Mexico 14,346,907 5,672,562

Central America, total 2,393,205 403,758

Costa Rica 193,312 156,972

El Salvador 4,802 —

Panama (including Canal Zone) 2,089,286 246,496

Caribbean countries, total 9,278,530 3,754,602

Cayman Islands (British) 8,995,934 3,689,252

South America, total 18,640,473 4,848,897

Argentina 4,609,399 730,732

Brazil 10,315,010 3,300,678

Chile 895,368 221,795

Colombia 752,604 109,421

Ecuador 29,374 3,015

Peru 349,168 31,804

Uruguay 121,621 893

Venezuela 1,535,233 447,723

Other Western Hemisphere, total 12,439,841 2,394,482

Bahamas 1,350,590 87,076

Bermuda 5,946,888 1,067,897

Netherlands Antilles 652,693 27,785

Europe, total 322,907,665 59,363,311

European Union, total 298,516,867 54,622,899

Austria 2,731,128 233,151

Belgium 8,487,716 1,453,366

Denmark 1,481,314 49,474

Finland 916,222 37,095

France (including Andorra) 26,806,621 4,174,949

Germany 50,329,205 5,853,033

Greece 326,565 27,807

Ireland 11,500,646 3,146,530

Italy (including San Marino) 16,437,203 1,508,706

Luxembourg 2,740,480 335,221

Netherlands 75,279,906 20,434,620

Portugal 830,722 131,967

Spain 14,700,322 1,668,688

Sweden 4,585,328 913,325

United Kingdom 81,363,490 146,541,967

Other West European countries, total 22,286,262 4,644,066

Norway 2,104,910 141,071

Switzerland 19,114,091 4,475,274

Turkey 1,021,035 27,722

East European countries, total 2,104,472 96,346

Romania 3,444 793

Former Soviet Union 733,828 1,714

Other East European countries (2) 1,364,264 93,839

Africa, total 2,244,730 112,574

North Africa, total 97,185 9,845

Morocco 62,860 9,845

East Africa, total 132,926 —

Kenya 128,351 —

West and Central Africa, total 1,330,162 73,522

Liberia 1,020,789 31,081

Nigeria 264,557 29,922

Southern Africa, total 684,457 29,207

South Africa 673,647 29,207

Asia, total 78,166,269 26,259,007

Middle East, total 1,272,478 393,141

Israel 1,076,694 393,073

Saudi Arabia 49,353 68

Southern and Southeastern Asia, total 25,449,730 8,972,421

India 288,465 133,205

Indonesia 51,832 15,847

Malaysia 3,951,215 1,952,700

Philippines 1,284,725 190,017

Singapore 17,902,907 6,298,230

Thailand 1,946,803 380,944

Eastern Asia, total 51,444,061 16,893,445

China 2,565,944 782,517

Hong Kong 10,703,008 3,202,521

Japan 32,171,555 10,448,804

South Korea, Republic of 2,222,107 823,048

Taiwan 3,781,446 1,636,556

Oceania, total 11,410,104 3,378,559

Australia 10,244,207 3,317,802

New Zealand 1,057,864 58,894

Other countries of Oceania 108,034 1,863

Puerto Rico and U.S. Possessions, total 881,581 153,310

Puerto Rico 517,184 110,864

U.S. Possessions, total 364,397 42,446

OPEC countries, total (countries included

above) 2,047,146 493,560

7,500 largest Controlled

Foreign Corporations

Payments by foreign

corporations to

Domestic Any foreign

controlled by controlled by

Selected country of incorporation of the U.S. U.S.

7,500 largest Controlled Foreign corporation corporation

Corporations filing return filing return

(27) (28)

All geographic areas 108,077,629 280,554,133

Canada 13,241,683 9,740,077

Latin America, total 13,158,271 16,663,363

Mexico 5,055,062 3,552,625

Central America, total 925,573 1,063,566

Costa Rica 8,194 28,146

El Salvador 3,897 905

Panama (including Canal Zone) 897,598 945,191

Caribbean countries, total 2,223,666 3,293,982

Cayman Islands (British) 2,165,696 3,134,945

South America, total 4,953,971 8,753,190

Argentina 947,609 2,855,276

Brazil 2,716,627 4,295,370

Chile 300,543 373,030

Colombia 302,531 340,291

Ecuador 17,877 8,482

Peru 98,188 219,176

Uruguay 16,130 98,660

Venezuela 553,408 534,102

Other Western Hemisphere, total 2,989,322 7,056,037

Bahamas 705,476 558,038

Bermuda 1,284,456 3,594,535

Netherlands Antilles 416,377 208,531

Europe, total 59,200,952 204,276,936

European Union, total 54,570,794 189,319,475

Austria 785,954 1,712,023

Belgium 1,864,397 5,169,953

Denmark 327,147 1,104,693

Finland 91,835 787,291

France (including Andorra) 3,980,111 18,651,561

Germany 8,306,072 36,170,100

Greece 51,211 247,547

Ireland 2,480,816 5,873,300

Italy (including San Marino) 2,614,593 12,313,904

Luxembourg 968,025 1,437,234

Netherlands 16,343,692 38,497,895

Portugal 157,816 540,939

Spain 1,672,929 11,358,705

Sweden 295,632 3,376,371

United Kingdom 14,630,564 52,077,959

Other West European countries, total 4,145,905 13,433,524

Norway 273,761 1,690,078

Switzerland 3,650,317 10,925,733

Turkey 217,576 775,737

East European countries, total 484,253 1,523,873

Romania 5 2,646

Former Soviet Union 205,705 526,408

Other East European countries (2) 278,543 994,883

Africa, total 538,958 1,593,199

North Africa, total 43,343 43,997

Morocco 13,853 39,163

East Africa, total 85,336 47,590

Kenya 82,503 45,848

West and Central Africa, total 311,249 945,391

Liberia 52,074 937,634

Nigeria 226,879 7,757

Southern Africa, total 99,029 556,222

South Africa 99,029 545,411

Asia, total 15,842,091 35,571,056

Middle East, total 82,865 796,473

Israel 66,602 617,019

Saudi Arabia 16,002 33,283

Southern and Southeastern Asia, total 4,770,556 11,212,944

India 31,308 123,952

Indonesia 26,621 9,365

Malaysia 542,844 1,454,463

Philippines 259,935 834,773

Singapore 3,697,154 7,907,523

Thailand 190,687 882,571

Eastern Asia, total 10,988,670 23,561,640

China 127,168 1,655,953

Hong Kong 1,866,385 5,634,102

Japan 7,811,447 13,911,305

South Korea, Republic of 560,788 838,271

Taiwan 622,883 1,522,008

Oceania, total 2,604,326 5,427,220

Australia 2,327,854 4,598,551

New Zealand 255,733 743,237

Other countries of Oceania 20,739 85,432

Puerto Rico and U.S. Possessions, total 502,026 226,246

Puerto Rico 392,114 14,206

U.S. Possessions, total 109,911 212,040

OPEC countries, total (countries included

above) 822,909 730,677

7,500 largest Controlled

Foreign Corporations

Payments by foreign

Selected country of incorporation of the corporations to

7,500 largest Controlled Foreign

Corporations All other Unrelated

related parties

parties

(29) (30)

All geographic areas 726,859 1,146,737,668

Canada 8,616 143,248,559

Latin America, total 157,662 138,158,707

Mexico 66,659 35,478,758

Central America, total 308 3,018,301

Costa Rica — 276,126

El Salvador — 196,854

Panama (including Canal Zone) — 2,175,271

Caribbean countries, total 6,280 15,544,218

Cayman Islands (British) 6,039 13,829,553

South America, total 84,416 84,117,430

Argentina 75,781 14,805,928

Brazil 2,336 52,107,330

Chile — 4,826,614

Colombia 361 3,212,074

Ecuador — 484,791

Peru — 1,682,105

Uruguay 5,937 227,009

Venezuela — 6,285,167

Other Western Hemisphere, total — 19,772,095

Bahamas — 3,412,062

Bermuda — 9,877,522

Netherlands Antilles — 243,784

Europe, total 66,466 685,943,371

European Union, total 3,699 608,573,370

Austria — 5,232,081

Belgium — 20,174,090

Denmark — 2,800,702

Finland — 1,779,612

France (including Andorra) — 70,980,892

Germany — 120,090,933

Greece — 1,032,043

Ireland — 12,995,922

Italy (including San Marino) — 40,908,453

Luxembourg — 3,947,114

Netherlands 3,699 80,931,582

Portugal — 4,314,746

Spain — 21,887,457

Sweden — 10,857,144

United Kingdom — 210,640,598

Other West European countries, total 62,767 38,153,864

Norway — 6,569,075

Switzerland 62,767 26,054,140

Turkey — 5,427,843

East European countries, total — 9,215,841

Romania — 46,180

Former Soviet Union — 1,396,059

Other East European countries (2) — 7,773,899

Africa, total — 8,528,119

North Africa, total — 918,508

Morocco — 381,750

East Africa, total — 385,102

Kenya — 182,271

West and Central Africa, total — 3,419,747

Liberia — 2,420,232

Nigeria — 881,544

Southern Africa, total — 3,804,763

South Africa — 3,544,580

Asia, total 494,115 138,685,986

Middle East, total — 3,475,449

Israel — 2,309,064

Saudi Arabia — 579,245

Southern and Southeastern Asia, total 493,808 36,525,573

India — 1,715,026

Indonesia — 434,760

Malaysia 1,207 4,976,467

Philippines — 2,052,737

Singapore — 24,109,704

Thailand 492,601 3,167,899

Eastern Asia, total 306 98,684,965

China 306 4,796,539

Hong Kong — 16,938,189

Japan — 65,417,366

South Korea, Republic of — 3,565,877

Taiwan — 7,966,993

Oceania, total — 36,147,341

Australia — 32,626,621

New Zealand — 3,203,795

Other countries of Oceania — 316,924

Puerto Rico and U.S. Possessions, total — 6,253,490

Puerto Rico — 4,086,208

U.S. Possessions, total — 2,167,282

OPEC countries, total (countries included

above) — 8,689,609

(1) Number of returns is not additive because some U.S. corporations

had Controlled Foreign Corporations in more than one country of

incorporation.

(2) Includes “Europe not allocable.”

NOTE: Detail may not add to totals because of rounding and because data

are shown for selected countries only.

Table 3.–U.S. Corporations with Total Assets of $500 Million or

More and Their 7,500 Largest Controlled Foreign Corporations:

Number, Assets, Receipts, Earnings, Taxes, Distributions, and

Subpart F Income, by Selected Country of Incorporation and

North American Industry Classification System (NAICS)

Industrial Sector of Controlled Foreign Corporation

[Money amounts are in thousands of dollars]

7,500 largest

Controlled

Foreign

Corporations

Selected coutry of incorporation Number of

and NAICS industrial sector of U.S. Number of

7,500 largest Controlled Foreign corporation foreign

Corporations returns (1) corporations

(1) (2)

All geographic areas (2)

All industries 996 7,500

Raw materials and energy production 117 405

Goods production 514 2,477

Distribution and transportation of

goods 278 1,001

Information 56 216

Finance, insurance, real estate,

and rental and leasing 359 1,612

Services 506 1,770

Argentina (2)

All industries 92 133

Raw materials and energy production 17 28

Goods production 39 44

Distribution and transportation of

goods 11 11

Information ** **

Finance, insurance, real estate,

and rental and leasing 15 16

Services 20 27

Australia

All industries 135 294

Raw materials and energy production 20 33

Goods production 58 78

Distribution and transportation of

goods 21 23

Information 6 6

Finance, insurance, real estate,

and rental and leasing 35 68

Services 55 86

Belgium

All industries 102 171

Raw materials and energy production ** **

Goods production 57 69

Distribution and transportation of

goods 24 25

Information ** **

Finance, insurance, real estate,

and rental and leasing 29 35

Services 34 38

Bermuda (2)

All industries 98 164

Raw materials and energy production 11 20

Goods production ** **

Distribution and transportation of

goods 9 16

Information ** **

Finance, insurance, real estate,

and rental and leasing 64 89

Services 20 26

Brazil (2)

All industries 138 260

Raw materials and energy production 9 16

Goods production 82 113

Distribution and transportation of

goods 12 13

Information ** **

Finance, insurance, real estate,

and rental and leasing 29 54

Services 37 53

Canada (2)

All industries 401 682

Raw materials and energy production 43 58

Goods production 206 244

Distribution and transportation of

goods 72 82

Information ** **

Finance, insurance, real estate,

and rental and leasing 94 148

Services 87 126

Cayman Islands (British) (2)

All industries 99 216

Raw materials and energy production 20 34

Goods production 16 23

Distribution and transportation of

goods 5 5

Information ** **

Finance, insurance, real estate,

and rental and leasing 38 95

Services 36 56

France (2)

All industries 231 479

Raw materials and energy production ** **

Goods production 129 185

Distribution and transportation of

goods 59 75

Information 6 7

Finance, insurance, real estate,

and rental and leasing 44 80

Services 81 125

Germany (2)

All industries 241 516

Raw materials and energy production ** **

Goods production 123 189

Distribution and transportation of

goods 62 77

Information 9 10

Finance, insurance, real estate,

and rental and leasing 40 64

Services 116 172

Hong Kong

All industries 78 127

Raw materials and energy production ** **

Goods production 20 22

Distribution and transportation of

goods 29 37

Information ** **

Finance, insurance, real estate,

and rental and leasing 18 38

Services 25 26

Ireland

All industries 95 157

Raw materials and energy production — —

Goods production 48 55

Distribution and transportation of

goods ** **

Information ** **

Finance, insurance, real estate,

and rental and leasing 30 46

Services 31 39

Italy

All industries 148 242

Raw materials and energy production ** **

Goods production 90 142

Distribution and transportation of

goods 37 40

Information ** **

Finance, insurance, real estate,

and rental and leasing 16 18

Services 29 37

Japan

All industries 149 236

Raw materials and energy production — —

Goods production 81 114

Distribution and transportation of

goods 58 70

Information 3 6

Finance, insurance, real estate,

and rental and leasing 11 22

Services 21 24

Mexico

All industries 125 244

Raw materials and energy production 5 5

Goods production 71 97

Distribution and transportation of

goods 20 30

Information 5 9

Finance, insurance, real estate,

and rental and leasing 26 42

Services 42 61

Netherlands (2)

All industries 277 523

Raw materials and energy production ** **

Goods production 103 129

Distribution and transportation of

goods 56 64

Information 13 21

Finance, insurance, real estate,

and rental and leasing 58 88

Services 146 204

New Zealand

All industries 20 40

Raw materials and energy production 3 4

Goods production 4 7

Distribution and transportation of

goods ** **

Information ** **

Finance, insurance, real estate,

and rental and leasing 8 15

Services 8 9

Singapore

All industries 72 111

Raw materials and energy production — —

Goods production 37 46

Distribution and transportation of

goods 20 23

Information — —

Finance, insurance, real estate,

and rental and leasing 19 24

Services 14 18

Spain

All industries 120 177

Raw materials and energy production ** **

Goods production 68 93

Distribution and transportation of

goods 27 27

Information ** **

Finance, insurance, real estate,

and rental and leasing 18 23

Services 22 27

Sweden

All industries 48 72

Raw materials and energy production ** **

Goods production 19 22

Distribution and transportation of

goods 14 21

Information ** **

Finance, insurance, real estate,

and rental and leasing 8 11

Services 12 13

Switzerland

All industries 99 147

Raw materials and energy production — —

Goods production 31 35

Distribution and transportation of

goods 37 40

Information — —

Finance, insurance, real estate,

and rental and leasing 26 33

Services 28 39

United Kingdom (2)

All industries 467 1,255

Raw materials and energy production 30 55

Goods production 202 299

Distribution and transportation of

goods 91 116

Information 22 63

Finance, insurance, real estate,

and rental and leasing 134 349

Services 221 370

European Union, total (2)

All industries 686 3,790

Raw materials and energy production 43 90

Goods production 360 1,259

Distribution and transportation of

goods 194 493

Information 36 118

Finance, insurance, real estate,

and rental and leasing 220 753

Services 393 1,065

OPEC countries, total (2)

All industries 51 73

Raw materials and energy production 14 18

Goods production 23 28

Distribution and transportation of

goods 7 7

Information ** **

Finance, insurance, real estate,

and rental and leasing 7 8

Services 6 8

7,500 largest Controlled

Foreign Corporations

Selected coutry of incorporation Total assets

and NAICS industrial sector of

7,500 largest Controlled Foreign Beginning

Corporations of year End of year

(3) (4)

All geographic areas (2)

All industries 2,877,359,804 3,221,489,984

Raw materials and energy production 159,437,083 178,721,836

Goods production 699,437,081 836,110,494

Distribution and transportation of

goods 185,714,674 204,573,238

Information 57,169,165 71,854,510

Finance, insurance, real estate,

and rental and leasing 1,267,746,413 1,295,958,973

Services 507,130,853 631,582,868

Argentina (2)

All industries 25,571,486 28,926,649

Raw materials and energy production 6,146,883 6,276,169

Goods production 9,082,191 9,607,740

Distribution and transportation of

goods 2,888,064 3,217,991

Information ** **

Finance, insurance, real estate,

and rental and leasing 2,510,096 3,292,863

Services 3,070,774 4,225,595

Australia

All industries 84,866,243 99,671,228

Raw materials and energy production 11,080,282 9,710,539

Goods production 15,040,501 19,598,369

Distribution and transportation of

goods 3,996,354 4,249,871

Information 699,065 1,109,381

Finance, insurance, real estate,

and rental and leasing 24,751,774 28,138,574

Services 29,298,267 36,864,494

Belgium

All industries 59,162,112 65,111,959

Raw materials and energy production ** **

Goods production 19,159,366 20,768,315

Distribution and transportation of

goods 4,976,937 5,905,935

Information ** **

Finance, insurance, real estate,

and rental and leasing 18,453,621 20,131,189

Services 15,526,222 17,158,523

Bermuda (2)

All industries 61,615,564 76,258,505

Raw materials and energy production 4,632,198 5,815,224

Goods production ** **

Distribution and transportation of

goods 3,081,545 3,129,529

Information ** **

Finance, insurance, real estate,

and rental and leasing 44,242,179 51,873,209

Services 3,950,313 7,735,491

Brazil (2)

All industries 100,098,247 103,765,895

Raw materials and energy production 8,729,136 10,597,768

Goods production 31,236,913 33,124,714

Distribution and transportation of

goods 4,513,468 4,868,235

Information ** **

Finance, insurance, real estate,

and rental and leasing 28,704,631 26,798,386

Services 17,776,327 18,837,468

Canada (2)

All industries 250,063,798 281,662,342

Raw materials and energy production 30,931,303 38,229,978

Goods production 82,848,714 85,438,223

Distribution and transportation of

goods 19,002,769 20,151,205

Information ** **

Finance, insurance, real estate,

and rental and leasing 82,519,048 94,892,650

Services 28,588,006 34,550,992

Cayman Islands (British) (2)

All industries 75,380,090 102,568,195

Raw materials and energy production 5,143,938 6,665,082

Goods production 11,270,813 12,411,310

Distribution and transportation of

goods 669,399 1,559,585

Information ** **

Finance, insurance, real estate,

and rental and leasing 49,213,718 69,312,726

Services 8,931,461 12,053,088

France (2)

All industries 128,386,034 149,626,229

Raw materials and energy production ** **

Goods production 43,606,978 51,228,901

Distribution and transportation of

goods 10,588,578 13,224,436

Information 528,513 748,125

Finance, insurance, real estate,

and rental and leasing 40,632,204 46,205,639

Services 31,879,294 36,845,465

Germany (2)

All industries 200,465,239 239,357,165

Raw materials and energy production ** **

Goods production 75,747,101 91,088,344

Distribution and transportation of

goods 13,534,612 15,699,225

Information 879,211 1,714,762

Finance, insurance, real estate,

and rental and leasing 72,345,760 78,490,536

Services 37,667,859 51,890,786

Hong Kong

All industries 64,822,352 63,493,434

Raw materials and energy production ** **

Goods production 2,947,930 2,990,907

Distribution and transportation of

goods 5,084,793 5,763,250

Information ** **

Finance, insurance, real estate,

and rental and leasing 47,818,808 45,423,785

Services 3,944,096 3,997,875

Ireland

All industries 59,057,288 68,332,916

Raw materials and energy production — —

Goods production 12,281,552 16,767,942

Distribution and transportation of

goods ** **

Information ** **

Finance, insurance, real estate,

and rental and leasing 30,839,118 31,549,399

Services 12,797,082 17,511,182

Italy

All industries 58,141,603 58,872,456

Raw materials and energy production ** **

Goods production 31,381,366 31,157,529

Distribution and transportation of

goods 11,196,392 10,236,709

Information ** **

Finance, insurance, real estate,

and rental and leasing 5,559,584 5,912,893

Services 9,571,174 11,069,527

Japan

All industries 81,485,026 106,127,818

Raw materials and energy production — —

Goods production 45,496,287 49,160,960

Distribution and transportation of

goods 17,590,065 18,870,502

Information 494,365 617,142

Finance, insurance, real estate,

and rental and leasing 12,530,408 30,765,449

Services 5,373,904 6,713,765

Mexico

All industries 53,040,899 58,257,249

Raw materials and energy production 489,245 546,046

Goods production 19,676,067 20,876,926

Distribution and transportation of

goods 4,129,539 3,784,052

Information 631,715 794,307

Finance, insurance, real estate,

and rental and leasing 8,525,060 9,354,529

Services 19,589,272 22,901,390

Netherlands (2)

All industries 182,093,020 269,434,517

Raw materials and energy production ** **

Goods production 60,101,089 107,124,277

Distribution and transportation of

goods 11,351,672 14,397,896

Information 5,148,042 8,620,693

Finance, insurance, real estate,

and rental and leasing 40,135,290 48,477,072

Services 58,525,449 82,961,736

New Zealand

All industries 18,296,489 19,249,264

Raw materials and energy production 778,441 723,660

Goods production 7,479,817 7,762,067

Distribution and transportation of

goods ** **

Information ** **

Finance, insurance, real estate,

and rental and leasing 7,291,742 6,074,102

Services 1,814,972 3,863,203

Singapore

All industries 45,669,549 46,176,980

Raw materials and energy production — —

Goods production 19,572,906 21,586,267

Distribution and transportation of

goods 5,173,820 4,764,398

Information — —

Finance, insurance, real estate,

and rental and leasing 17,269,114 15,155,191

Services 3,653,708 4,671,124

Spain

All industries 36,540,456 50,886,466

Raw materials and energy production ** **

Goods production 16,629,954 23,823,480

Distribution and transportation of

goods 3,775,202 4,818,193

Information ** **

Finance, insurance, real estate,

and rental and leasing 11,740,943 15,653,642

Services 3,851,806 6,065,427

Sweden

All industries 14,814,909 18,414,125

Raw materials and energy production ** **

Goods production 3,938,239 5,052,409

Distribution and transportation of

goods 4,377,416 4,951,191

Information ** **

Finance, insurance, real estate,

and rental and leasing 2,881,090 4,519,369

Services 2,866,938 2,998,914

Switzerland

All industries 94,639,192 102,947,916

Raw materials and energy production — —

Goods production 16,295,326 16,877,299

Distribution and transportation of

goods 9,884,719 10,675,112

Information — —

Finance, insurance, real estate,

and rental and leasing 57,267,896 60,762,599

Services 11,191,250 14,632,906

United Kingdom (2)

All industries 923,030,089 893,122,039

Raw materials and energy production 49,191,818 51,303,325

Goods production 101,131,242 112,492,503

Distribution and transportation of

goods 21,597,799 23,571,944

Information 18,717,872 23,150,376

Finance, insurance, real estate,

and rental and leasing 574,191,257 499,614,612

Services 158,132,526 182,750,511

European Union, total (2)

All industries 1,705,694,297 1,879,080,594

Raw materials and energy production 58,355,150 61,709,392

Goods production 374,597,353 478,915,023

Distribution and transportation of

goods 86,190,981 99,166,812

Information 29,638,668 37,757,476

Finance, insurance, real estate,

and rental and leasing 812,550,775 772,015,110

Services 343,969,470 428,207,699

OPEC countries, total (2)

All industries 13,729,209 15,534,821

Raw materials and energy production 2,637,276 2,023,201

Goods production 4,488,318 4,566,391

Distribution and transportation of

goods 995,795 1,088,270

Information ** **

Finance, insurance, real estate,

and rental and leasing 1,319,034 1,046,963

Services 1,243,087 1,992,945

7,500 largest Controlled

Foreign Corporations

Current

earnings and

Selected coutry of incorporation profits (less

and NAICS industrial sector of deficit)

7,500 largest Controlled Foreign Total before

Corporations receipts income taxes

(5) (6)

All geographic areas (2)

All industries 1,749,516,820 143,840,451

Raw materials and energy production 71,311,519 9,944,041

Goods production 923,232,646 64,699,560

Distribution and transportation of

goods 355,151,932 13,147,147

Information 32,507,167 4,535,689

Finance, insurance, real estate,

and rental and leasing 185,490,963 20,860,964

Services 180,629,839 30,651,975

Argentina (2)

All industries 19,910,896 1,046,910

Raw materials and energy production 2,132,383 66,658

Goods production 10,264,962 712,667

Distribution and transportation of

goods 4,744,266 82,405

Information ** **

Finance, insurance, real estate,

and rental and leasing 635,506 143,979

Services 740,779 -4,084

Australia

All industries 44,912,246 2,742,872

Raw materials and energy production 3,318,172 79,597

Goods production 22,059,883 1,292,541

Distribution and transportation of

goods 9,741,273 132,629

Information 1,096,398 54,778

Finance, insurance, real estate,

and rental and leasing 2,977,293 610,693

Services 5,719,226 572,633

Belgium

All industries 29,869,391 3,651,786

Raw materials and energy production ** **

Goods production 19,517,900 1,880,661

Distribution and transportation of

goods 5,774,503 384,290

Information ** **

Finance, insurance, real estate,

and rental and leasing 2,257,821 997,062

Services 2,182,022 382,191

Bermuda (2)

All industries 18,553,756 3,576,294

Raw materials and energy production 3,553,749 906,866

Goods production ** **

Distribution and transportation of

goods 2,950,865 273,392

Information ** **

Finance, insurance, real estate,

and rental and leasing 8,174,351 1,621,608

Services 1,377,144 254,092

Brazil (2)

All industries 63,245,520 3,872,005

Raw materials and energy production 3,412,892 164,394

Goods production 30,916,221 768,195

Distribution and transportation of

goods 8,279,540 656,468

Information ** **

Finance, insurance, real estate,

and rental and leasing 7,895,755 1,013,693

Services 7,323,507 1,264,980

Canada (2)

All industries 209,536,478 12,741,305

Raw materials and energy production 10,863,121 775,051

Goods production 121,923,733 6,424,208

Distribution and transportation of

goods 50,341,915 1,330,850

Information ** **

Finance, insurance, real estate,

and rental and leasing 12,284,222 1,547,936

Services 9,709,861 1,600,555

Cayman Islands (British) (2)

All industries 25,314,850 3,653,076

Raw materials and energy production 2,130,037 362,440

Goods production 13,556,817 1,967,776

Distribution and transportation of

goods 3,679,775 61,466

Information ** **

Finance, insurance, real estate,

and rental and leasing 3,916,999 820,475

Services 1,982,931 413,644

France (2)

All industries 100,921,709 6,147,078

Raw materials and energy production ** **

Goods production 61,531,884 3,355,970

Distribution and transportation of

goods 19,732,388 680,645

Information 577,367 59,358

Finance, insurance, real estate,

and rental and leasing 4,756,124 930,537

Services 13,518,025 1,069,340

Germany (2)

All industries 172,700,484 10,876,945

Raw materials and energy production ** **

Goods production 121,263,086 6,466,340

Distribution and transportation of

goods 23,518,752 743,149

Information 1,121,470 231,974

Finance, insurance, real estate,

and rental and leasing 14,874,936 1,603,623

Services 11,752,032 1,824,217

Hong Kong

All industries 28,162,314 2,534,775

Raw materials and energy production ** **

Goods production 6,169,440 225,861

Distribution and transportation of

goods 11,589,270 767,638

Information ** **

Finance, insurance, real estate,

and rental and leasing 5,627,789 534,547

Services 2,520,616 431,049

Ireland

All industries 30,728,775 8,475,201

Raw materials and energy production — —

Goods production 15,628,917 3,450,306

Distribution and transportation of

goods ** **

Information ** **

Finance, insurance, real estate,

and rental and leasing 2,184,362 466,729

Services 9,104,969 4,346,766

Italy

All industries 58,878,820 4,535,456

Raw materials and energy production ** **

Goods production 35,612,861 3,132,567

Distribution and transportation of

goods 16,049,454 922,204

Information ** **

Finance, insurance, real estate,

and rental and leasing 1,004,932 77,202

Services 5,733,532 318,047

Japan

All industries 100,277,687 5,264,307

Raw materials and energy production — —

Goods production 56,625,094 3,320,789

Distribution and transportation of

goods 31,371,489 849,771

Information 933,688 26,569

Finance, insurance, real estate,

and rental and leasing 4,042,365 386,536

Services 7,305,050 670,641

Mexico

All industries 51,502,322 4,444,735

Raw materials and energy production 570,366 115,706

Goods production 32,547,971 2,171,372

Distribution and transportation of

goods 9,142,536 632,302

Information 555,222 -92,149

Finance, insurance, real estate,

and rental and leasing 1,962,344 150,285

Services 6,723,883 1,467,219

Netherlands (2)

All industries 168,176,648 20,484,601

Raw materials and energy production ** **

Goods production 85,790,115 10,229,176

Distribution and transportation of

goods 26,366,802 912,821

Information 2,236,709 375,259

Finance, insurance, real estate,

and rental and leasing 22,658,897 1,724,783

Services 26,528,534 5,298,794

New Zealand

All industries 4,782,402 441,555

Raw materials and energy production 139,794 -8,264

Goods production 2,298,802 97,989

Distribution and transportation of

goods ** **

Information ** **

Finance, insurance, real estate,

and rental and leasing 857,350 112,564

Services 472,725 230,368

Singapore

All industries 43,336,065 2,861,378

Raw materials and energy production — —

Goods production 23,238,989 2,203,482

Distribution and transportation of

goods 16,320,465 -70,720

Information — —

Finance, insurance, real estate,

and rental and leasing 1,468,531 416,715

Services 2,308,081 311,901

Spain

All industries 38,255,714 2,746,563

Raw materials and energy production ** **

Goods production 27,325,295 1,869,597

Distribution and transportation of

goods 5,884,454 217,637

Information ** **

Finance, insurance, real estate,

and rental and leasing 2,059,773 142,189

Services 2,489,861 440,852

Sweden

All industries 15,700,595 1,559,879

Raw materials and energy production ** **

Goods production 6,504,339 136,463

Distribution and transportation of

goods 6,608,376 883,170

Information ** **

Finance, insurance, real estate,

and rental and leasing 755,657 117,775

Services 991,916 204,180

Switzerland

All industries 49,534,635 5,509,135

Raw materials and energy production — —

Goods production 16,325,710 2,971,735

Distribution and transportation of

goods 18,953,988 884,188

Information — —

Finance, insurance, real estate,

and rental and leasing 9,668,000 604,677

Services 4,586,936 1,048,534

United Kingdom (2)

All industries 301,366,290 22,394,670

Raw materials and energy production 25,028,439 3,556,011

Goods production 129,088,296 6,185,432

Distribution and transportation of

goods 36,088,547 885,900

Information 5,716,548 574,685

Finance, insurance, real estate,

and rental and leasing 59,445,254 4,255,768

Services 45,971,790 6,956,901

European Union, total (2)

All industries 946,491,073 84,378,402

Raw materials and energy production 31,536,959 5,704,095

Goods production 518,083,378 38,169,646

Distribution and transportation of

goods 151,120,950 6,360,804

Information 11,453,074 1,702,437

Finance, insurance, real estate,

and rental and leasing 111,960,265 10,765,725

Services 121,883,890 21,653,491

OPEC countries, total (2)

All industries 11,845,589 1,847,462

Raw materials and energy production 1,956,828 425,502

Goods production 3,501,510 34,292

Distribution and transportation of

goods 1,880,914 102,413

Information ** **

Finance, insurance, real estate,

and rental and leasing 310,243 -15,214

Services 890,667 222,740

7,500 largest Controlled

Foreign Corporations

Current

earnings and

Selected coutry of incorporation profits (less

and NAICS industrial sector of deficit)

7,500 largest Controlled Foreign after

Corporations Income taxes income taxes

(7) (8)

All geographic areas (2)

All industries 34,744,726 109,095,725

Raw materials and energy production 3,064,176 6,879,865

Goods production 17,247,413 47,452,147

Distribution and transportation of

goods 3,677,559 9,469,588

Information 935,510 3,600,179

Finance, insurance, real estate,

and rental and leasing 5,649,641 15,211,323

Services 4,156,364 26,495,611

Argentina (2)

All industries 429,283 617,626

Raw materials and energy production 75,468 -8,810

Goods production 234,875 477,792

Distribution and transportation of

goods 27,057 55,348

Information ** **

Finance, insurance, real estate,

and rental and leasing 41,524 102,454

Services 6,948 -11,032

Australia

All industries 817,612 1,925,260

Raw materials and energy production 51,482 28,115

Goods production 433,637 858,904

Distribution and transportation of

goods 76,815 55,814

Information 15,735 39,043

Finance, insurance, real estate,

and rental and leasing 154,981 455,712

Services 84,962 487,671

Belgium

All industries 590,070 3,061,716

Raw materials and energy production ** **

Goods production 372,081 1,508,580

Distribution and transportation of

goods 64,322 319,968

Information ** **

Finance, insurance, real estate,

and rental and leasing 114,788 882,274

Services 38,767 343,425

Bermuda (2)

All industries 445,113 3,131,181

Raw materials and energy production 321,010 585,856

Goods production ** **

Distribution and transportation of

goods 14,523 258,869

Information ** **

Finance, insurance, real estate,

and rental and leasing 60,977 1,560,631

Services 7,551 246,541

Brazil (2)

All industries 1,061,766 2,810,239

Raw materials and energy production 71,648 92,746

Goods production 413,607 354,589

Distribution and transportation of

goods 57,431 599,037

Information ** **

Finance, insurance, real estate,

and rental and leasing 365,391 648,302

Services 148,366 1,116,613

Canada (2)

All industries 4,295,507 8,445,798

Raw materials and energy production 487,477 287,574

Goods production 2,220,751 4,203,457

Distribution and transportation of

goods 494,523 836,327

Information ** **

Finance, insurance, real estate,

and rental and leasing 476,707 1,071,229

Services 320,142 1,280,413

Cayman Islands (British) (2)

All industries 308,561 3,344,515

Raw materials and energy production 45,366 317,073

Goods production 97,918 1,869,857

Distribution and transportation of

goods -3,120 64,587

Information ** **

Finance, insurance, real estate,

and rental and leasing 110,923 709,551

Services 56,349 357,195

France (2)

All industries 1,771,403 4,375,675

Raw materials and energy production ** **

Goods production 1,132,784 2,223,186

Distribution and transportation of

goods 234,143 446,502

Information 2,318 57,040

Finance, insurance, real estate,

and rental and leasing 193,824 736,713

Services 191,886 877,453

Germany (2)

All industries 3,785,465 7,091,480

Raw materials and energy production ** **

Goods production 2,223,296 4,243,043

Distribution and transportation of

goods 329,886 413,263

Information 36,304 195,670

Finance, insurance, real estate,

and rental and leasing 567,312 1,036,311

Services 623,769 1,200,447

Hong Kong

All industries 409,247 2,125,528

Raw materials and energy production ** **

Goods production 26,028 199,833

Distribution and transportation of

goods 66,949 700,689

Information ** **

Finance, insurance, real estate,

and rental and leasing 198,162 336,385

Services 31,260 399,789

Ireland

All industries 741,244 7,733,957

Raw materials and energy production — —

Goods production 308,220 3,142,086

Distribution and transportation of

goods ** **

Information ** **

Finance, insurance, real estate,

and rental and leasing 97,991 368,738

Services 295,655 4,051,111

Italy

All industries 2,094,651 2,440,805

Raw materials and energy production ** **

Goods production 1,555,899 1,576,667

Distribution and transportation of

goods 388,274 533,931

Information ** **

Finance, insurance, real estate,

and rental and leasing 45,677 31,525

Services 69,407 248,639

Japan

All industries 3,051,943 2,202,364

Raw materials and energy production — —

Goods production 1,930,814 1,389,975

Distribution and transportation of

goods 555,477 294,294

Information 11,735 14,835

Finance, insurance, real estate,

and rental and leasing 231,204 155,332

Services 322,714 347,928

Mexico

All industries 877,233 3,567,502

Raw materials and energy production 10,376 105,330

Goods production 547,484 1,623,888

Distribution and transportation of

goods 52,627 579,675

Information 3,408 -95,557

Finance, insurance, real estate,

and rental and leasing 58,801 91,484

Services 204,537 1,262,683

Netherlands (2)

All industries 3,178,596 17,306,006

Raw materials and energy production ** **

Goods production 1,725,449 8,503,727

Distribution and transportation of

goods 184,998 727,822

Information 41,828 333,431

Finance, insurance, real estate,

and rental and leasing 278,198 1,446,585

Services 275,649 5,023,145

New Zealand

All industries 120,699 320,856

Raw materials and energy production -1,008 -7,257

Goods production 17,575 80,415

Distribution and transportation of

goods ** **

Information ** **

Finance, insurance, real estate,

and rental and leasing 59,388 53,176

Services 33,940 196,428

Singapore

All industries 375,189 2,486,189

Raw materials and energy production — —

Goods production 93,651 2,109,831

Distribution and transportation of

goods 57,558 -128,278

Information — —

Finance, insurance, real estate,

and rental and leasing 188,526 228,189

Services 35,453 276,446

Spain

All industries 609,303 2,137,260

Raw materials and energy production ** **

Goods production 477,527 1,392,070

Distribution and transportation of

goods 75,378 142,259

Information ** **

Finance, insurance, real estate,

and rental and leasing 35,219 106,970

Services 15,385 425,467

Sweden

All industries 362,102 1,197,776

Raw materials and energy production ** **

Goods production 43,642 92,820

Distribution and transportation of

goods 239,908 643,262

Information ** **

Finance, insurance, real estate,

and rental and leasing 26,935 90,840

Services 14,128 190,051

Switzerland

All industries 604,023 4,905,111

Raw materials and energy production — —

Goods production 260,976 2,710,760

Distribution and transportation of

goods 118,529 765,659

Information — —

Finance, insurance, real estate,

and rental and leasing 111,249 493,428

Services 113,270 935,264

United Kingdom (2)

All industries 5,373,443 17,021,227

Raw materials and energy production 790,901 2,765,110

Goods production 1,704,912 4,480,519

Distribution and transportation of

goods 228,615 657,285

Information 90,946 483,740

Finance, insurance, real estate,

and rental and leasing 1,833,572 2,422,196

Services 723,064 6,213,836

European Union, total (2)

All industries 19,600,587 64,777,815

Raw materials and energy production 1,513,353 4,190,741

Goods production 9,959,457 28,210,190

Distribution and transportation of

goods 1,894,109 4,465,696

Information 279,153 1,423,284

Finance, insurance, real estate,

and rental and leasing 3,277,056 7,488,668

Services 2,669,922 18,983,569

OPEC countries, total (2)

All industries 297,243 1,550,219

Raw materials and energy production 78,518 346,984

Goods production 44,328 -10,036

Distribution and transportation of

goods 12,914 89,498

Information ** **

Finance, insurance, real estate,

and rental and leasing 14,110 -29,324

Services 26,953 195,788

7,500 largest Controlled

Foreign Corporations

Dividends

Selected coutry of incorporation Distributions paid to

and NAICS industrial sector of out of controlling

7,500 largest Controlled Foreign earnings and U.S.

Corporations profits corporation

(9) (10)

All geographic areas (2)

All industries 74,188,419 26,885,724

Raw materials and energy production 7,932,197 2,947,397

Goods production 28,272,530 10,226,541

Distribution and transportation of

goods 7,533,057 3,119,020

Information 1,196,622 235,118

Finance, insurance, real estate,

and rental and leasing 10,025,823 1,061,827

Services 19,218,134 9,295,821

Argentina (2)

All industries 581,460 356,038

Raw materials and energy production 127,249 34,453

Goods production 399,311 294,912

Distribution and transportation of

goods 11,700 1,560

Information ** **

Finance, insurance, real estate,

and rental and leasing 38,393 22,595

Services 4,807 2,518

Australia

All industries 1,913,876 946,444

Raw materials and energy production 80,471 9,530

Goods production 998,601 439,461

Distribution and transportation of

goods 60,407 18,617

Information 62,154 49,979

Finance, insurance, real estate,

and rental and leasing 195,991 5,136

Services 516,251 423,722

Belgium

All industries 1,380,469 250,528

Raw materials and energy production ** **

Goods production 686,948 152,175

Distribution and transportation of

goods 314,298 89,330

Information ** **

Finance, insurance, real estate,

and rental and leasing 137,541 7,549

Services 231,715 1,474

Bermuda (2)

All industries 1,382,554 53,365

Raw materials and energy production 46,416 8,808

Goods production ** **

Distribution and transportation of

goods 167,852 2,613

Information ** **

Finance, insurance, real estate,

and rental and leasing 924,599 37,544

Services 70,782 4,400

Brazil (2)

All industries 2,836,838 1,458,406

Raw materials and energy production 30,350 —

Goods production 1,039,634 643,483

Distribution and transportation of

goods 536,814 461,875

Information ** **

Finance, insurance, real estate,

and rental and leasing 759,393 78,243

Services 470,647 274,804

Canada (2)

All industries 7,715,410 2,982,712

Raw materials and energy production 734,947 352,012

Goods production 4,068,569 1,686,198

Distribution and transportation of

goods 312,841 216,243

Information ** **

Finance, insurance, real estate,

and rental and leasing 620,826 120,443

Services 1,612,653 593,963

Cayman Islands (British) (2)

All industries 1,077,188 89,401

Raw materials and energy production 55,159 5,719

Goods production 361,271 74,202

Distribution and transportation of

goods 122,600 —

Information ** **

Finance, insurance, real estate,

and rental and leasing 454,734 —

Services 83,424 9,480

France (2)

All industries 2,284,613 715,757

Raw materials and energy production ** **

Goods production 1,256,842 547,167

Distribution and transportation of

goods 95,013 12,609

Information 8,422 —

Finance, insurance, real estate,

and rental and leasing 423,230 98,358

Services 491,049 57,623

Germany (2)

All industries 6,963,189 3,811,407

Raw materials and energy production ** **

Goods production 2,597,970 934,783

Distribution and transportation of

goods 1,045,881 891,535

Information 95,497 25,888

Finance, insurance, real estate,

and rental and leasing 475,162 84,210

Services 2,748,679 1,874,992

Hong Kong

All industries 1,349,650 209,031

Raw materials and energy production ** **

Goods production 52,415 7,023

Distribution and transportation of

goods 452,828 34,740

Information ** **

Finance, insurance, real estate,

and rental and leasing 182,930 15,023

Services 248,024 152,245

Ireland

All industries 1,515,602 181,932

Raw materials and energy production — —

Goods production 649,317 102,957

Distribution and transportation of

goods ** **

Information ** **

Finance, insurance, real estate,

and rental and leasing 165,706 —

Services 629,012 70,841

Italy

All industries 2,046,676 860,980

Raw materials and energy production ** **

Goods production 1,210,849 399,591

Distribution and transportation of

goods 275,389 52,561

Information ** **

Finance, insurance, real estate,

and rental and leasing 6,779 4,855

Services 540,825 403,298

Japan

All industries 2,648,304 1,633,072

Raw materials and energy production — —

Goods production 2,044,233 1,269,397

Distribution and transportation of

goods 484,307 275,612

Information 34,699 30,058

Finance, insurance, real estate,

and rental and leasing 4,380 685

Services 80,685 57,121

Mexico

All industries 1,841,098 726,685

Raw materials and energy production — —

Goods production 993,420 367,137

Distribution and transportation of

goods 182,031 46,727

Information — —

Finance, insurance, real estate,

and rental and leasing 79,731 —

Services 585,916 312,821

Netherlands (2)

All industries 7,620,670 1,544,445

Raw materials and energy production ** **

Goods production 2,764,174 353,598

Distribution and transportation of

goods 785,777 28,446

Information — —

Finance, insurance, real estate,

and rental and leasing 1,124,477 170,989

Services 1,563,434 330,026

New Zealand

All industries 365,971 55,759

Raw materials and energy production — —

Goods production 149,805 23,029

Distribution and transportation of

goods ** **

Information ** **

Finance, insurance, real estate,

and rental and leasing 105,528 —

Services 81,177 24,755

Singapore

All industries 1,233,668 369,860

Raw materials and energy production — —

Goods production 823,203 346,176

Distribution and transportation of

goods 200,058 17,838

Information — —

Finance, insurance, real estate,

and rental and leasing 53,653 —

Services 156,754 5,846

Spain

All industries 1,457,030 688,926

Raw materials and energy production ** **

Goods production 763,641 203,915

Distribution and transportation of

goods 44,027 255

Information ** **

Finance, insurance, real estate,

and rental and leasing 27,035 1,915

Services 604,567 473,634

Sweden

All industries 1,068,061 611,117

Raw materials and energy production ** **

Goods production 82,654 42,766

Distribution and transportation of

goods 764,820 560,099

Information ** **

Finance, insurance, real estate,

and rental and leasing 77,663 2,140

Services 44,928 6,112

Switzerland

All industries 1,855,903 486,723

Raw materials and energy production — —

Goods production 695,624 2,553

Distribution and transportation of

goods 250,389 22,624

Information — —

Finance, insurance, real estate,

and rental and leasing 148,500 7,318

Services 761,390 454,228

United Kingdom (2)

All industries 17,360,001 6,408,336

Raw materials and energy production 4,251,141 1,567,922

Goods production 3,919,905 1,179,904

Distribution and transportation of

goods 231,390 97,430

Information 197,865 70,321

Finance, insurance, real estate,

and rental and leasing 2,807,087 33,758

Services 6,152,615 3,459,000

European Union, total (2)

All industries 43,704,744 15,695,344

Raw materials and energy production 5,671,713 2,229,846

Goods production 14,554,337 4,170,480

Distribution and transportation of

goods 3,892,100 1,753,848

Information 491,955 105,554

Finance, insurance, real estate,

and rental and leasing 5,283,800 542,125

Services 14,000,780 6,893,491

OPEC countries, total (2)

All industries 765,906 398,892

Raw materials and energy production 151,412 140,497

Goods production 229,061 107,607

Distribution and transportation of

goods 111,045 74,289

Information ** **

Finance, insurance, real estate,

and rental and leasing 6,794 1,500

Services 162,286 63,853

7,500 largest

Controlled

Foreign

Selected coutry of incorporation Corporations

and NAICS industrial sector of

7,500 largest Controlled Foreign Total Subpart

Corporations F income

(11)

All geographic areas (2)

All industries 20,238,440

Raw materials and energy production 587,936

Goods production 7,329,974

Distribution and transportation of

goods 2,285,859

Information 260,345

Finance, insurance, real estate,

and rental and leasing 5,520,893

Services 4,252,819

Argentina (2)

All industries 20,643

Raw materials and energy production 1,688

Goods production 15,283

Distribution and transportation of

goods 2,296

Information **

Finance, insurance, real estate,

and rental and leasing 708

Services 667

Australia

All industries 521,844

Raw materials and energy production 62,044

Goods production 339,744

Distribution and transportation of

goods 2,117

Information 9,921

Finance, insurance, real estate,

and rental and leasing 86,732

Services 21,285

Belgium

All industries 638,519

Raw materials and energy production **

Goods production 239,026

Distribution and transportation of

goods 30,309

Information **

Finance, insurance, real estate,

and rental and leasing 179,879

Services 176,426

Bermuda (2)

All industries 1,694,529

Raw materials and energy production 9,371

Goods production **

Distribution and transportation of

goods 169,963

Information **

Finance, insurance, real estate,

and rental and leasing 1,322,222

Services 108,927

Brazil (2)

All industries 312,611

Raw materials and energy production 4,572

Goods production 130,289

Distribution and transportation of

goods 8,303

Information **

Finance, insurance, real estate,

and rental and leasing 125,729

Services 43,718

Canada (2)

All industries 1,938,338

Raw materials and energy production 115,102

Goods production 1,241,890

Distribution and transportation of

goods 180,612

Information **

Finance, insurance, real estate,

and rental and leasing 175,135

Services 170,710

Cayman Islands (British) (2)

All industries 1,178,552

Raw materials and energy production 63,676

Goods production 407,042

Distribution and transportation of

goods 72,604

Information **

Finance, insurance, real estate,

and rental and leasing 517,594

Services 117,636

France (2)

All industries 510,936

Raw materials and energy production **

Goods production 347,658

Distribution and transportation of

goods 11,878

Information —

Finance, insurance, real estate,

and rental and leasing 111,350

Services 39,236

Germany (2)

All industries 1,327,047

Raw materials and energy production **

Goods production 1,088,628

Distribution and transportation of

goods 22,416

Information 1,400

Finance, insurance, real estate,

and rental and leasing 106,243

Services 108,359

Hong Kong

All industries 510,143

Raw materials and energy production **

Goods production 47,769

Distribution and transportation of

goods 284,215

Information **

Finance, insurance, real estate,

and rental and leasing 116,306

Services 55,437

Ireland

All industries 884,430

Raw materials and energy production —

Goods production 365,102

Distribution and transportation of

goods **

Information **

Finance, insurance, real estate,

and rental and leasing 259,911

Services 209,322

Italy

All industries 352,200

Raw materials and energy production **

Goods production 150,437

Distribution and transportation of

goods 154,325

Information **

Finance, insurance, real estate,

and rental and leasing 3,364

Services 29,246

Japan

All industries 282,727

Raw materials and energy production —

Goods production 28,672

Distribution and transportation of

goods 89,106

Information —

Finance, insurance, real estate,

and rental and leasing —

Services 164,950

Mexico

All industries 622,884

Raw materials and energy production —

Goods production 75,849

Distribution and transportation of

goods 18,196

Information —

Finance, insurance, real estate,

and rental and leasing 13,879

Services 514,961

Netherlands (2)

All industries 2,982,594

Raw materials and energy production **

Goods production 1,410,643

Distribution and transportation of

goods 310,120

Information 20,846

Finance, insurance, real estate,

and rental and leasing 425,629

Services 785,896

New Zealand

All industries 93,875

Raw materials and energy production —

Goods production 9,654

Distribution and transportation of

goods **

Information **

Finance, insurance, real estate,

and rental and leasing 79,943

Services —

Singapore

All industries 412,665

Raw materials and energy production —

Goods production 231,574

Distribution and transportation of

goods 15,788

Information —

Finance, insurance, real estate,

and rental and leasing 60,838

Services 104,464

Spain

All industries 143,555

Raw materials and energy production **

Goods production 60,552

Distribution and transportation of

goods 21,020

Information **

Finance, insurance, real estate,

and rental and leasing 9,823

Services 50,970

Sweden

All industries 54,006

Raw materials and energy production **

Goods production 21,970

Distribution and transportation of

goods 7,749

Information **

Finance, insurance, real estate,

and rental and leasing 23,943

Services —

Switzerland

All industries 1,461,086

Raw materials and energy production —

Goods production 347,160

Distribution and transportation of

goods 340,672

Information —

Finance, insurance, real estate,

and rental and leasing 92,573

Services 680,680

United Kingdom (2)

All industries 2,163,303

Raw materials and energy production 172,587

Goods production 334,590

Distribution and transportation of

goods 131,062

Information 99,380

Finance, insurance, real estate,

and rental and leasing 940,228

Services 485,457

European Union, total (2)

All industries 9,467,378

Raw materials and energy production 218,409

Goods production 4,064,827

Distribution and transportation of

goods 802,297

Information 177,305

Finance, insurance, real estate,

and rental and leasing 2,177,712

Services 2,026,014

OPEC countries, total (2)

All industries 18,570

Raw materials and energy production 725

Goods production 7,385

Distribution and transportation of

goods 2,604

Information **

Finance, insurance, real estate,

and rental and leasing 1,426

Services —

** Not shown to avoid disclosure of information on specific

corporations. However, the data are included in the appropriate

totals.

(1) Number of returns is not additive because some U.S. corporations

had Controlled Foreign Corporations in more than one industrial

group. The industrial activity of the parent corporation filing the

return often differs from that of the Controlled Foreign Corporations.

(2) Includes “Nature of business not allocable” not shown separately.

NOTE: Detail may not add to totals because of rounding and because

data are shown for selected countries only.

Table 4.–U.S. Corporations with Total Assets of $500 Million or More

and Their 7,500 Largest Controlled Foreign Corporations: Number,

Assets, Receipts, and Earnings, Standard Industrial Classification

(SIC) and North American Industry Classification System (NAICS), by

Selected NAICS Industrial Sector

(Money amounts are in thousands of dollars)

Percentage

Number of returns difference

Selected NAICS industrial between

sector SIC NAICS NAICS/SIC

(1) (2) (3)

All Industries 7,500 7,500 –

Raw materials and energy

production 418 405 -3.1

Agriculture, forestry,

fishing, and hunting 26 28 7.7

Mining 257 260 1.2

Utilities 135 117 -13.3

Goods production 2,479 2,477 -0.1

Construction 61 57 -6.6

Manufacturing 2,418 2,420 0.1

Distribution and

transportation of goods 1,069 1,001 -6.4

Wholesale and retail

trade (1) 953 904 -5.1

Wholesale trade 808 768 -5.0

Retail trade 145 136 -6.2

Transportation and

warehousing 116 97 -16.4

Information (2) 157 216 37.6

Finance, Insurance, real

estate, and rental and

leasing 2,714 1,612 -40.6

Finance and insurance 2,628 1,432 -45.5

Real estate and rental

and leasing 86 180 109.3

Services 644 1,770 174.8

Professional and

business services (3) 419 1,616 285.7

Education, health, and

social assistance 16 8 -50.0

Leisure, accommodation,

and food services 101 100 -1.0

Other services 108 46 -57.4

Nature of business not

allocable 19 19 –

Percentage

End of year assets difference

between

Selected NAICS industrial SIC NAICS NAICS/SIC

sector

(4) (5) (6)

All Industries 3,221,489,984 3,221,489,984 –

Raw materials and energy

production 168,764,202 178,721,836 5.9

Agriculture, forestry,

fishing, and hunting 3,032,455 3,070,316 1.2

Mining 95,717,424 106,409,555 11.2

Utilities 70,014,323 69,241,965 -1.1

Goods production 844,182,321 836,110,494 -1.0

Construction 10,973,425 9,406,403 -14.3

Manufacturing 833,208,896 826,704,090 -0.8

Distribution and

transportation of goods 231,197,587 204,573,238 -11.5

Wholesale and retail

trade (1) 209,220,884 189,442,957 -9.5

Wholesale trade 171,558,753 158,501,521 -7.6

Retail trade 37,662,131 30,941,435 -17.8

Transportation and

warehousing 21,976,703 15,130,282 -31.2

Information (2) 57,474,160 71,854,510 25.0

Finance, Insurance, real

estate, and rental and

leasing 1,766,736,052 1,295,958,973 -26.6

Finance and insurance 1,746,553,847 1,248,511,988 -28.5

Real estate and rental

and leasing 20,182,205 47,446,984 135.1

Services 150,447,598 631,582,868 319.8

Professional and

business services (3) 104,350,347 594,198,245 469.4

Education, health, and

social assistance 1,895,706 2,777,235 46.5

Leisure, accommodation,

and food services 20,712,718 24,941,508 20.4

Other services 23,488,827 9,665,880 -58.8

Nature of business not

allocable 2,688,064 2,688,064 –

Percentage

Total receipts difference

between

Selected NAICS industrial SIC NAICS NAICS/SIC

sector

(7) (8) (9)

All Industries 1,749,516,820 1,749,516,820 –

Raw materials and energy

production 78,659,450 71,311,519 -9.3

Agriculture, forestry,

fishing, and hunting 4,681,333 4,677,177 -0.1

Mining 45,253,400 39,220,498 -13.3

Utilities 28,724,717 27,413,844 -4.6

Goods production 914,639,915 923,232,646 0.9

Construction 12,842,089 12,257,735 -4.6

Manufacturing 901,797,826 910,974,911 1.0

Distribution and

transportation of goods 384,315,292 355,151,932 -7.6

Wholesale and retail

trade (1) 370,560,824 345,138,283 -6.9

Wholesale trade 307,351,489 286,723,573 -6.7

Retail trade 63,209,335 58,414,710 -7.6

Transportation and

warehousing 13,754,468 10,013,649 -27.2

Information (2) 23,802,322 32,507,167 36.6

Finance, Insurance, real

estate, and rental and

leasing 262,595,521 185,490,963 -29.4

Finance and insurance 259,197,561 176,709,133 -31.8

Real estate and rental

and leasing 3,397,960 8,781,830 158.4

Services 84,311,567 180,629,840 114.2

Professional and

business services (3) 60,529,824 160,920,828 165.9

Education, health, and

social assistance 1,324,022 451,112 -65.9

Leisure, accommodation,

and food services 8,998,814 15,670,847 74.1

Other services 13,458,907 3,587,053 -73.3

Nature of business not

allocable 1,192,754 1,192,754 –

Current earnings and profits

(less deficit) before income Percentage

taxes difference

between

Selected NAICS industrial SIC NAICS NAICS/SIC

sector

(10) (11) (12)

All Industries 143,840,451 143,840,451 –

Raw materials and energy

production 9,569,361 9,944,041 3.9

Agriculture, forestry,

fishing, and hunting 134,053 141,493 5.6

Mining 6,597,598 7,018,487 6.4

Utilities 2,837,710 2,784,062 -1.9

Goods production 63,727,606 64,699,560 1.5

Construction 655,050 702,136 7.2

Manufacturing 63,072,556 63,997,425 1.5

Distribution and

transportation of goods 15,807,464 13,147,147 -16.8

Wholesale and retail

trade (1) 15,155,746 12,719,268 -16.1

Wholesale trade 12,834,891 10,880,961 -15.2

Retail trade 2,320,855 1,838,307 -20.8

Transportation and

warehousing 651,719 427,879 -34.3

Information (2) 3,251,389 4,535,689 39.5

Finance, Insurance, real

estate, and rental and

leasing 43,673,386 20,860,964 -52.2

Finance and insurance 43,062,019 20,005,016 -53.5

Real estate and rental

and leasing 611,367 855,948 40.0

Services 7,810,168 30,651,975 292.5

Professional and

business services (3) 5,755,599 28,762,451 399.7

Education, health, and

social assistance 91,427 50,335 -44.9

Leisure, accommodation,

and food services 898,232 1,398,142 55.7

Other services 1,064,910 441,046 -58.6

Nature of business not

allocable 1,076 1,076 –

(1) Includes “Wholesale and retail trade not allocable,” not shown

separately.

(2) The Communications group, classified in the Transportation and

public utilities industry under the former Standard industrial

Classification System (SIC), is classified in the Information sector

under the North American Industry Classification System (NAICS).

(3) Management of companies, specifically bank holding companies,

is included in the Finance, insurance and real estate division under

the former Standard Industrial Classification System (SIC).

NOTE: Detail may not add to totals because of rounding.

Figure A

Selected Industrial Classification Differences between Standard

Industrial Classification (SIC) System and the North American

Industry Classification System (NAICS), Tax Year 1998

Selected NAICS industry Major industrial Major industrial

sector division under SIC sector under NAICS

or other groupings

Broadcasting and Formerly Communications Information

telecommunications industry under

Transportation and

public utilities

Mining Separate major division Raw materials and

known as Mining energy production

Motion picture and Services Information

sound recording

Offices of management Finance, insurance, and Professional and

(holding companies) real estate business services

Printing and publishing Manufacturing Information

Transportation and Separate major division Distribution and

warehousing known as Transportation transportation of

and public utilities goods

Utilities Formerly Energy, gas, Raw materials and

and sanitary services energy production

industry under

Transportation and

public utilities

Figure B

U.S. Corporations with Total Assets of $500 Million or More and Their

7,500 Largest Controlled Foreign Corporations: Number, End-of-Year

Assets, Receipts, Earnings and Profits, by North American Industry

Classification System (NAICS) Industry Groupings, Tax Year 1998

Number of Foreign

Corporations

7,500

Services 23.6%

Raw materials

and energy

production 5.4%

Goods

production 33.0%

Distribution and

transportation of

goods 13.3%

Information 2.9%

Finance,

insurance,

real estate,

and rental

and leasing 21.5%

Total Receipts

$1,750 Billion

Services 10.3%

Raw materials

and energy

production 4.1%

Goods

production 52.8%

Distribution and

transportation of

goods 20.3%

Information 1.9%

Finance,

insurance,

real estate,

and rental

and leasing 10.6%

End-of-Year Assets

$3,211 Billion

Services 19.6%

Raw materials

and energy

production 5.5%

Goods

production 26.0%

Distribution and

transportation of

goods 6.4%

Information 2.2%

Finance,

insurance,

real estate,

and rental

and leasing 40.2%

Earnings and Profits (1)

$144 Billion

Services 21.3%

Raw materials

and energy

production 6.9%

Goods

production 45.0%

Distribution and

transportation of

goods 9.1%

Information 3.2%

Finance,

insurance,

real estate,

and rental

and leasing 14.5%

(1) Less deficits and before income taxes.

NOTES: “Nature of business not allocable,” not shown separately.

Detail may not add to 100 percent because of rounding.

Note: Table made from pie chart.

Figure C

U.S. Corporations with Total Assets of $500 Million or More and Their

7,500 Largest Controlled Foreign Corporations: Number of Foreign

Corporations, by Standard Industrial Classification (SIC) Division of

Controlled Foreign Corporation, Selected Tax Years 1992-1998

Industrial division Number of foreign corporations Percentage

of Controlled change 1992 to

Foreign Corporation 1992 1994 1996 1998 1998

(1) (2) (3) (4) (5)

All industries (1) 7,500 7,500 7,500 7,500 N.A.

Agriculture,

forestry, and

fishing 26 26 32 28 7.7

Mining 170 187 201 260 52.9

Construction 80 72 67 57 -28.8

Manufacturing 2,862 2,845 2,734 2,448 -14.5

Transportation and

public utilities 213 226 239 341 60.1

Wholesale and retail

trade 1,131 1,127 1,044 904 -20.1

Finance, insurance,

and real estate 2,277 2,292 2,476 2,804 23.1

Services 737 702 695 578 -21.6

N.A.–Not applicable.

(1) Includes “Nature of business not allocable,” not shown

separately.

Figure D

U.S. Corporations with Total Assets of $500 Million or More and Their

7,500 Largest Controlled Foreign Corporations: Number, End-of-Year

Assets, Receipts, and Earnings and Profits, by Major

Geographic Region, Tax Year 1998

Number of Foreign

Corporations

7,500

Europe 54.9%

Africa 1.1%

Asia 10.8%

Oceania 4.8%

Puerto Rico and

U.S. Possessions 0.6%

Latin America 15.0%

Other Western

Hemisphere

(including

Canada) 12.9%

Total Receipts

$1,750 Billion

Europe 58.5%

Africa 0.6%

Asia 12.7%

Oceania 2.9%

Puerto Rico and

U.S. Possessions 0.4%

Latin America 10.8%

Other Western

Hemisphere

(including

Canada) 14.0%

End-of-Year Assets

$3,211 Billion

Europe 62.7%

Africa 0.6%

Asia 9.0%

Oceania 3.8%

Puerto Rico and

U.S. Possessions 0.5%

Latin America 11.0%

Other Western

Hemisphere

(including

Canada) 12.5%

Earnings and Profits (1)

$144 Billion

Europe 63.5%

Africa 0.7%

Asia 9.8%

Oceania 2.3%

Puerto Rico and

U.S. Possessions 0.5%

Latin America 11.3%

Other Western

Hemisphere

(including

Canada) 11.9%

(1) Less deficits and before income taxes.

NOTES: Detail may not add to 100 percent because of rounding.

Note: Table made from pie chart.

Figure E

U.S. Corporations with Total Assets of $500 Million

or More and Their 7,500 Largest Controlled Foreign

Corporations: Number and Receipts by Selected

Country of Incorporation, Tax Years 1996 and 1998

[Money amounts are in millions of dollars]

Number of

foreign

Selected country corporations Total receipts

1996 1998 1996 1998

(1) (2) (3) (4)

All countries 7,500 7,500 1,676,659 1,749,517

United Kingdom 1,200 1,255 310,606 301,366

Canada 685 682 195,744 209,536

Netherlands 462 523 117,047 168,177

Germany 535 516 184,869 172,700

France 521 479 108,632 100,922

Australia 332 294 47,187 44,912

Brazil 241 260 54,114 63,246

Mexico 201 244 41,564 51,502

Italy 295 242 61,410 58,879

Japan 266 236 103,660 100,278

Cayman islands 128 216 15,505 25,315

Spain 203 177 38,921 38,256

Belgium 206 171 33,721 29,869

Bermuda 163 164 16,949 18,554

Ireland 135 157 19,338 30,729

Switzerland 157 147 39,974 49,535

Argentina 122 133 16,199 19,911

Hong Kong 155 127 34,920 28,162

Singapore 114 111 39,656 43,336

Notes and References

[1] Statistics of Income studies of Controlled Foreign Corporations are conducted for even-numbered tax years. For 1996 data, see Nutter, Sarah E., “Controlled Foreign Corporations, 1996,” Statistics of Income Bulletin, Spring 2001, Volume 20, Number 4.

[2] Starting with Tax Year 1998, industry composition is defined by the North American Industry Classification System (NAICS). In previous tax years, the Standard Industrial Classification system (SIC) was used to show distribution of the 7,500 largest CFC’s. For purposes of this article, Figure C presents the number of foreign corporations by SIC during Tax Years 1992 to 1998. Table 4 has been added for 1998 as a crossover table to show comparisons between NAICS and SIC using NAICS industry groupings. See the section CFC’s by Industrial Sector Under NAICS for further explanation.

[3] Based on unpublished data.

[4] For Tax Year 1998, Austria, Finland, and Sweden are included with the European Union in Table 2. For 1996, these countries were included in “Other West European countries.”

[5] The current definition of a Controlled Foreign Corporation is given in Internal Revenue Code section 957. Ownership attribution rules are discussed in section 958.

[6] During Tax Year 1999, increase in earnings in excess passive assets was repealed.

[7] North American Industry Classification System United States, 1997, Executive Office of the President, Office of Management and Budget, 1998.

[8] See footnote 7.

[9] Data reported in Figure C show the 7,500 largest CFC’s by SIC and do not reflect the industry shifts between SIC and NAICS for Tax Year 1998. Caution should be taken when comparing foreign corporations by industry.

[10] Based on unpublished data.

[11] Based on unpublished data. For 1998, there were 1,742 U.S. corporation returns with 45,876 active controlled foreign corporations. The controlled foreign corporations reported $3,549.3 billion in end-of-year assets. For 1998, the 45,876 active CFC’s reported total receipts of $2,143.0 billion, current earnings and profits before taxes of $161.5 billion, current earnings and profits after taxes of $119.5 billion, and distributions out of earnings and profits of $86.1 billion.

[12] Based on unpublished data.

[13] Based on unpublished data.

[14] Based on unpublished data.

John Comisky is an economist with the Special Studies Returns Analysis Section. This article was prepared under the direction of Chris Carson, Chief

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