Domestic Corporations Controlled by Foreign Persons, 1990

.controlled " by a "foreign person- generated $1.1 trillion of worldwide receipts and reported total assets amounting to $1.7 trillion. These corporations, 1.2 percent of the U.S. total, accounted for 9.3 percent of the receipts and 9.1 percent of the assets reported on U.S. corporation income tax returns. The receipts and assets of foreign-controlled domestic corporations (FCDC's) increased for 1990 by 9.6 and 15.6 percent, respectively, over the 1989 levels. During the 1985-1990 period, FCDC's accounted for an increasingly larger percentage of the receipts and assets reported by all corporations (see Figure A). The net income (less deficit) reported by FCDC's for tax purposes under the Internal Revenue Code was $4.0 billion for 1990. This was appreciably less than the 198