According to the deferral rule in the U.S. tax code, a U.S. parent corporation must include the earnings of its foreign subsidiaries when calculating taxable income.

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Under the U.S. tax code, the deferral rule allows U.S. parent corporations to defer including the earnings of their foreign subsidiaries in their taxable income until those earnings are repatriated (brought back to the U.S.).

According to the Deferral Rule in the U