Investment Company

Investment Company means:
a real estate investment trust, a regulated investment company, or a corporation more than 80% of the value of whose assets are held for investment and are readily marketable stock or securities or interests in regulated investment companies or real estate investment trusts. Generally, an investment company must pay at least 90% of its income to shareholders, and it is not taxed on the amounts distributed. The shareholders are taxed on the income received, so the corporate double tax is avoided. Former Tax Regulation (check if this Reg. is current here) §1.351-l(c)(l)(ii).

U.S. and other Developed Countries International Tax Meaning

Corporation whose activities consist exclusively or substantially of making investments (i.e. holding property and collection of income therefrom) and whose buying and selling of shares, securities, real estates or other investment property is only incidental to this purpose.