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Minnesota Department of Human Services CFC BGS DATA COLLECTION FORM AFC/FADS DATA COLLECTION FORM Please note that all the following infom1ation (unless otherwise indicated) is required by the Bureau

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What is cfc bgs data collection?

CFC BGS data collection is the process of gathering and reporting data related to Controlled Foreign Companies (CFCs) and beneficial ownership of global structures.

Who is required to file cfc bgs data collection?

Entities with CFCs or global structures are required to file cfc bgs data collection.

How to fill out cfc bgs data collection?

CFC BGS data collection can be filled out online through the designated platform provided by the regulatory authorities.

What is the purpose of cfc bgs data collection?

The purpose of cfc bgs data collection is to enhance transparency and combat tax evasion by collecting information on CFCs and beneficial ownership.

What information must be reported on cfc bgs data collection?

Information such as financial data, ownership details, and operational structure of CFCs and global structures must be reported on cfc bgs data collection.

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