The test for "controlled in fact" is the ability to establish the general policies or to control the day to day operations of the foreign affiliate.

It would resemble in many ways the Eurobond market, where larger American banks underwrite securities through foreign affiliates.

It also charges for so-called advance pricing agreements covering how multinational companies will deal for tax purposes with foreign affiliates.

Smith Corona said none of its 17 subsidiaries and foreign affiliates were included in the filing.

Ten percent of our manufacturing workers are employed by firms with foreign affiliates.

Where they could, they increased the proportion of their wholly or majority owned foreign affiliates between 1977 and 1982 (Contractor, 1990a).

Four new foreign affiliates take up operations and a centralized EDP network links the entire company.

In practice, Mr. Davies said, those foreign affiliates may have good reason to stand their ground.

When we got foreign affiliates, it was the custom of trade to pay 50 percent, so we did that automatically.

CNN has traditionally said its biggest advantage is the network of foreign affiliates it has built since it was created in 1980.