Editing Controlled foreign corporation (section)

==Other countries==
[[Japan]] taxes shareholders of foreign corporations where the operation of such corporation results in no or minimal foreign tax. However, there is a waiver where the foreign corporation conducts a substantial business.

New Zealand and Sweden<ref>[https://lagen.nu/1999:1229#L2014:949S14 The white list with exceptions noted in Swedish]</ref> each have CFC rules, following a "grey list" and a "white list" approach, respectively.

Australia has CFC rules similar to UK rules, but relies more on a "white list" of safe countries.{{citation needed|date=December 2015}}