Code of Virginia - Title 58.1 Taxation - Section 58.1-443 Prohibition of worldwide consolidation or combination

§ 58.1-443. Prohibition of worldwide consolidation or combination

Notwithstanding any other provisions of this chapter, the Department shall not require, and no corporation may elect, that a consolidation or combination of an affiliated group include any controlled foreign corporation, the income of which is derived from sources without the United States.

(Code 1950, § 58-151.079:1; 1981, c. 402; 1984, c. 675.)

Sections:  Previous  58.1-439.22  58.1-439.23  58.1-439.24  58.1-440  58.1-440.1  58.1-441  58.1-442  58.1-443  58.1-444  58.1-445  58.1-445.1  58.1-446  58.1-447  58.1-448  58.1-449  Next

Last modified: April 3, 2009