A "US Shareholder" for Purposes of CFC Classification Is Any U

question 74

True/False

A "U.S. shareholder" for purposes of CFC classification is any U.S. person who owns directly, indirectly, and constructively at least 50% of the voting power of a foreign corporation.

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Definitions:

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

Job Switch

The act of changing one's employment, including shifting industries, professions, or positions.

Collectivism

A cultural value that emphasizes the importance of group goals over individual goals and the interdependence of members within a community.

Gender Typing

The process by which a child becomes aware of their gender and thus behaves accordingly by adopting values and attributes of members of the sex that they identify as their own.