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US Branch Profit Tax

inector

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May 6, 2021
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Seems that branch profit tax in USA only applies if there is effectively-connected income...or am I wrong?
https://taxsummaries.pwc.com/united...e of the branch,US branch to foreign lenders.
If US LLC is owned by a holding in like Estonia / Cyprus / etc., the tax is only paid by the holding...no tax is due in US?