Match the definition with the correct term. Not all of the terms have a match. A definition can be used more than once.
-Owner of shares counted in determining whether a foreign corporation is a controlled foreign corporation.

Question

Quizplus · Accepted Answer

A U.S. shareholder is defined as a U.S. person who owns, directly or indirectly, 10% or more of the total combined voting power of all classes of stock of a foreign corporation. This definition is crucial in determining whether a foreign corporation is a controlled foreign corporation (CFC), as the ownership percentage of U.S. shareholders is a key factor.

Match the Definition with the Correct Term