Question: * * Objective Type Question: * * In accounting, what is the primary purpose of controlled foreign corporation ( CFC ) rules and reporting requirements?

**Objective Type Question:**
In accounting, what is the primary purpose of controlled foreign corporation (CFC) rules and reporting requirements?
a) To increase tax liabilities for multinational corporations
b) To facilitate international tax evasion
c) To prevent tax avoidance by taxing foreign income of resident taxpayers
d) To encourage tax competition among different jurisdictions

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