True or False: A CFC, in order to have income that has to be picked up currently by certain US persons where they pay the US income tax on it has to have so-called "tainted" income , otherwise called Subpart F income. And certain US persons are only US shareholders owning 10% or more of the stock AND in order for this all to happen those same US persons have to control more than 50% of the stock.

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The statement is mostly true with a minor clarification True A Controlled Foreign Corporation CFC ca... View the full answer