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Explain the ownership detail for the individuals

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Reference no: EM132597445

Paper, Inc., a corporation organized in Germany, has the following owners, all owner voting shares:

  • 15% owned by Ben, a US individual
  • 10% owned by Sarah, a US individual
  • 75% Fork, LLP, a foreign partnership

Fork has the following partners

  1. 15% owned by Abigail, a US individual
  2. 15% owned by Helen, a US individual
  3. 15% owned by Lauren, a US individual
  4. 10% owned by Abe, a US individual
  5. 10% owned by Adele, a US individual
  6. 15% owned by Mark, a foreign individual
  7. 15% owned by Nate, a foreign individual
  8. 5% owned by Lynn, a foreign individual

Question 1: Is Paper Inc. a CFC? Who are the US shareholders?

Question 2: Explain the ownership detail for the individuals, how do these percentages have an effect, if any?

Reference no: EM132597445

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