foreign controlled United States shareholder
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 United States shareholder” means, with respect to any foreign corporation, any United States person which would be a United States shareholder with respect to such foreign corporation if—
(1) section 951(b) were applied by substituting “more than 50 percent” for “10 percent or more”, and
(2) section 958(b) were applied without regard to paragraph (4) thereof.