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:

Meteoric Rise

A rapid and often sudden increase in success, popularity, or visibility.

Public Imagination

The collective thoughts, ideas, and fantasies of the public about current or future possibilities.

Inc. 500

An annual ranking of the 500 fastest-growing private companies in the United States, published by Inc. magazine.

Formal Business Plans

Detailed documents that lay out the objectives, strategies, market analysis, and financial forecasts of a business, designed to guide operations and attract investment.