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  3. Law: Taxation & Customs

no hay presencia física

English translation: No physical facilities / presence

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase: no hay presencia física
English translation:No physical facilities / presence
Entered by: Manuel Aburto

22:49 Apr 24, 2020
Spanish to English translations [PRO]
Law/Patents - Law: Taxation & Customs / Taxation
Spanish term or phrase: no hay presencia física
Buenas tardes,

El texto a continuación está relacionado con mis consultas anteriores; sin embargo, esta vez el tema principal trata sobre paraísos fiscales:

Normas CFC* o normas anti paraísos fiscales: Si no hay intercambio de información tributario, o, si existe pero no hay presencia física o criterio de valuación para determinar el centro de negocios, ya restaría cualquier eficacia a la estructura.

Por contexto, asumo que CFC se refiere a Controlled Foreign Country (CFC) [rules].
Manuel Aburto
Nicaragua
Local time: 05:55
No physical facilities / presence
Explanation:
Controlled Foreign Corporation (CFC) *

Selected response from:

Ana Lesser
Canada
Local time: 04:55
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +5No physical facilities / presence
Ana Lesser
Summary of reference entries provided
Manuel
Taña Dalglish

  

Answers


20 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +5
No physical facilities / presence


Explanation:
Controlled Foreign Corporation (CFC) *




    https://www.irs.gov/irm/part4/irm_04-061-007
    https://www.investopedia.com/terms/c/cfc.asp
Ana Lesser
Canada
Local time: 04:55
Native speaker of: Native in SpanishSpanish
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  Patrice: Physical presence is more idiomatic of the two, in my experience.
13 mins
agree  philgoddard: Yes, presence.
45 mins
agree  Robert Carter: "...it is quite feasible for companies to have no physical presence with respect to the consumer..." https://tinyurl.com/ulvfsnq
1 hr
agree  David Hollywood: with "physical presence"
4 hrs
agree  Yvonne Gallagher: physical presence
10 hrs
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Reference comments


40 mins
Reference: Manuel

Reference information:
Manuel:

CFC **Controlled Foreign Corporation** Rule (CFC) o también conocidas en español como Transparencia Fiscal Internacional (TFI)

https://mundooffshore.net/la-planeacion-fiscal-y-el-principi...
Normas CFC o normas anti paraísos fiscales. Si no hay intercambio de información tributario, o, si existe pero no hay presencia física o criterio de valuación para determinar el centro de negocios, ya restaría cualquier eficacia a la estructura.

Tomemos el ejemplo puesto en este artículo, donde si aun así logramos superar todos los temas enumerados oportunamente (Convenios para el intercambio de información, normas CFC, precios de transferencia, regímenes Patent Box, entre otros), existe el gran y verdadero riesgo que la AATT pueda dudar sobre cuál es el fin económico de poder traslocar una patente a otra jurisdicción si antes estaba entre los activos de la empresa o el grupo de empresas que ahora pagan royalties por usarla.

Page 19 of above link:
En efecto, la Ley 20.780 incluye en la Ley de la Renta un artículo sin
precedentes en nuestra legislación, una norma que internacionalmente
se ha denominado **Controlled Foreign Corporation Rule (CFC) o también
conocidas en español como Transparencia Fiscal Internacional (TFI) **,
que también forma parte del plan de acción BEPS.

--------------------------------------------------
Note added at 16 hrs (2020-04-25 15:33:59 GMT)
--------------------------------------------------

Welcome, Manuel!

Taña Dalglish
Jamaica
Native speaker of: English
PRO pts in category: 82
Note to reference poster
Asker: Thanks for the information Taña!

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