{"abstract":"This document contains final regulations under section 951(a) of the Internal Revenue Code (Code) regarding a United States shareholder's pro rata share of a controlled foreign corporation's (CFC's) subpart F income, previously excluded subpart F income withdrawn from investment in less developed countries, and previously excluded subpart F income withdrawn from foreign base country shipping operations. These regulations are intended to ensure that a CFC's earnings and profits for a taxable year attributable to a section 304 transaction will not be allocated in a manner that results in the avoidance of Federal income tax. These regulations are also intended to ensure that earnings and profits of a CFC are not allocated to certain preferred stock in a manner inconsistent with the economic interest that such stock represents.","action":"Final regulations.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2006/02/22/06-1532.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1,"title":26}],"citation":"71 FR 8943","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective Date: These regulations are effective February 22, 2006.","disposition_notes":null,"docket_ids":["TD 9251"],"dockets":[],"document_number":"06-1532","effective_on":"2006-02-22","end_page":8945,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2006/02/22/06-1532.xml","html_url":"https://www.federalregister.gov/documents/2006/02/22/06-1532/special-rules-regarding-certain-section-951-pro-rata-share-allocations","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/06-1532?publication_date=2006-02-22","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2006-02-22/06-1532/mods.xml","not_received_for_publication":null,"page_length":3,"page_views":{"count":82,"last_updated":"2026-10-25 12:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2006-02-22/pdf/06-1532.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2006-02-22","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2006/02/22/06-1532.txt","regulation_id_number_info":{"1545-BE71":null},"regulation_id_numbers":["1545-BE71"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-11-12T18:32:49Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":8943,"subtype":null,"title":"Special Rules Regarding Certain Section 951 Pro Rata Share Allocations","toc_doc":"Special rule regarding certain section 951 pro rata share allocations","toc_subject":"Income taxes:","topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Rule","volume":71}