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Bob is a U . S . person and Boris is a foreign person. Each owns 5 0 % of the stock in ForCo. Bob
Bob is a US person and Boris is a foreign person. Each owns of the stock in ForCo. Bob can appoint three members of ForCo's board of directors, and Boris can appoint two members of ForCo's board of directors. Is ForCo a CFC Why or why not?
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