foreign controlled foreign corporation

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 951B — for purposes of this section

For purposes of this section, the term “foreign controlled foreign corporation” means a foreign corporation, other than a controlled foreign corporation, which would be a controlled foreign corporation if section 957(a) were applied—

(1) by substituting “foreign controlled United States shareholders” for “United States shareholders”, and

(2) by substituting “section 958(b) (other than paragraph (4) thereof)” for “section 958(b)”.