CHAPTER VIII-BUREAU OF ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE 1 Part 802 803 804 805 Annual reporting of revenues for carrying imports to, and expenditures in, the United States of shipping and air transport operators of foreign nationality Reports on foreign investment and on international transactions in royalties and fees Page 431 432 438 Foreign direct investment in the United States survey regulations Preliminary survey of international leasing transactions in 1975 443 has his own office in the United States to which the agent is accountable or unless the operator elects to report directly from his home office. (2) The Department of Commerce may in lieu of individual reports required under this part, accept consolidated reports from foreign governments covering the operations of their national shipping concerns when, in its discretion, such consolidated reports would provide the information required by this part. Where such reports are accepted, the individual reports from operators or their agents will not be required. (b) The foreign operator, for purposes of this part, means the owner, managing or operating owner, chartered owner, or subchartered owner who enters into and carries out any form of transportation contract with the shippers of merchandise or with passengers. (c) If foreign-owned vessels or aircraft are chartered to other foreign operators, the owner should report his expenses in the United States, if any, and the operator should report the freight or charter revenue earned from the shippers of merchandise and his expenses in the United States. (d) If foreign-owned vessels or aircraft are chartered to a United States operator, the owner should report his expenses in the United States, if any. (e) Reports submitted by agents should include all disbursements accounted for directly by them to the foreign company at its foreign office; if subagents report through a principal agent in the same or another location, the principal agent should file a consolidated report on behalf of the foreign company. § 802.2 Forms to be used. Vessel operators shall report on Form BE-29, Aircraft operators shall report on Form BE-36.1 § 802.3 Information to be furnished. The information required for balanceof-payments purposes consists of the earnings of foreign operators from the carriage of imports into the United States and their total expenses incurred in the United States on both passenger and freight operations, including overhead. Voluntary replies to questions 5, 6, 7 and 8 on Form BE-29 (vessel operators) regarding earnings on exports and movements in accounts due to or payable from home offices of foreign branches in the United States are requested but are not required by law. § 802.4 Time and place of filing reports. Reports shall be filed annually on or before March 31 of each year to cover operations of the preceding calendar year, except that a report covering operations for 1951 shall be filed on or before June 30, 1952. Reports shall be filled with the Department of Commerce, Bureau of Economic Analysis, Balance of Payments Division, Washington, D.C. 20230. [17 FR 4922, May 30, 1952, as amended at 39 FR 44441, Dec. 24, 1974] (a) United States business investments abroad-(1) Basic requirement. A report is required from every corporation, partnership, individual, or any other person or closely related group of persons subject to the jurisdiction of the United States and ordinarily residing within the United States having: (i) Ownership of 25 percent or more of the voting stock of foreign corporations, either directly or together with domestic or foreign affiliates (Forms BE-577 and BE-577S). See § 803.2(a) (1) for further detail. (ii) Ownership of at least 10 percent, but less than 25 percent, of the voting stock of foreign corporations, or the equivalent interest in an unincorporated foreign enterprise, held either directly or together with domestic affiliates (Form BE-577A). See § 803.2(a) (1) for further detail. (iii) Unincorporated foreign branches, or other direct foreign operations conducted by a United States incorporated enterprise or other business organization in its own name in a foreign country. This includes mining claims, oil concessions, exploration and development activities or other property held by United States persons directly or jointly with others (Form BE-578). See § 803.2(a) (1) for further detail. (2) Estates and trusts. Direct foreign investments held by a domestic estate or trust, i.e., an estate or trust created under the laws of the United States or any subdivision thereof, shall be reported by the fiduciary and not by a beneficiary. Such property must be reported whether or not any beneficiary is subject to the laws of the United States or any subdivision thereof. (3) Persons beneficially interested in property. If direct foreign investments beneficially owned by a person subject |