Certain portfolio income items (i.e., foreign personal holding company income) is included under the tax rules as Subpart F income for controlled foreign corporations ( CFCs). What is the rationale for taxing these income items? Include two examples of foreign personal holding company income.

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The Answer of Certain portfolio income items (i.e., foreign personal holding company income) is included under the tax rules as Subpart F income for controlled foreign corporations ( CFCs). What is the rationale for taxing these income items? Include two examples of foreign personal holding company income.

Certain Portfolio Income Items (I