So-Called "Check-The-Box" Regulations Allow MNEs to

So-called "check-the-box" regulations allow MNEs to

A) Elect whether to treat foreign business entities with a single U.S. owner as corporations or unincorporated branches for U.S. tax purposes regardless of their legal form of ownership.
B) Treat subpart F income from a foreign subsidiary as income of the parent for tax purposes.
C) Permanently defer taxes on active income.
D) All of the statements above are correct.
E) Only statements a and b are correct.