Under the context of controlled foreign corporations, a U.S. shareholder is defined as a U.S. Person who owns or is considered as owning 10% or more of the total combined voting power of all classes of stock entitled to vote of a foreign corporation. Does this language mean that constructive ownership is considered when determining...Read More
Subpart F of the Internal Revenue Code deals with controlled foreign corporations (sometimes referred to as a CFC), and does not necessarily apply to every United States person or business entity that owns stock in a foreign corporation. Subpart F applies to United States shareholders of controlled foreign corporations. See Internal Revenue Code Section 951(a). ...Read More
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