To qualify as a U.S. corporation for tax purposes, the foreign firm must own at least 80% of the stock of the domestic subsidiary.

Question

Quizplus · Accepted Answer

The question states that "To qualify as a U.S. corporation for tax purposes, the foreign firm must own at least 80% of the stock of the domestic subsidiary." This means that the foreign firm must own at least 80% of the stock of the domestic subsidiary in order to qualify as a U.S. corporation for tax purposes.

To Qualify as a U