Receipts and payments between
U.S.
affiliates and their
foreign
parents, and between
U.S.
parents and their
foreign
affiliates, for services provided to one another. They consist
of royalties and license fees for the use or sale of intangible
property or rights (including patents, trademarks, and copyrights)
and of receipts and payments for other private services (such as
service charges, rentals for tangible property, and film and
television tape rentals). Related terms:
foreign
parent,
U.S.
affiliate.
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