Types of Data. We'll talk about data in lots of places in The Knowledge Base, but here I just want to make a fundamental distinction between two types of data: qualitative and quantitative. The way we typically define them, we call data 'quantitative' if it is in numerical form and 'qualitative' if it is not.
FC: Foreign Country (IRB) FC: Family Circle (magazine) FC: Financial Consultant: FC: Financial Center: FC: Financial Controller: FC: Financial Company: FC: Fine Condition (used books/collectibles) FC: Family Channel (ABC/Disney) FC: Foreign Corporation: FC: Financial Cryptography and Data Security
For example, FC. may liquidate under Internal Revenue Code (IRC) section 332 into its sole owner U.S. S/H . Given the general rule that U.S. tax on. the foreign corporationâs earnings is def erred, an inbound (I/B) liquidation of a FC under IRC 332 could enable the earnings to. escape U.S. taxation at the corporate-level. A similar result could occur in an I/B a sset reorganization under IRC 368.