affiliated foreign group

(U.S.) An affiliated foreign group means (a) the foreign parent, (b) any foreign person, proceeding up the foreign parent’s ownership chain, which owns more than 50 percent of the person below it up to and including that person which is not owned more than 50 percent by another foreign person and (c) any foreign person, proceeding down the ownership chain(s) of each of these members, which is owned more than 50 percent by the person above it. See direct foreign investment; foreign direct investment in the United States; affiliate; foreign-owned affiliate in the U.S.

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