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which such taxable year of the corporation
ends--
(A) the sum of--
(i) his pro rata
share (determined under
paragraph (2)) of the
corporation’s subpart F
income for such year,
(ii) his pro rata
share (determined under
section 955(a)(3) as in
effect before the
enactment of the Tax
Reduction Act of 1975) of
the corporation’s
previously excluded
subpart F income
withdrawn from investment
in less developed
countries for such year,
and
(iii) his pro rata
share (determined under
section 955(a)(3)) of the
corporation’s previously
excluded subpart F income
withdrawn from foreign
base company shipping
operations for such year;
and
(B) his pro rata share
(determined under section
956(a)(2)) of the corporation’s
increase in earnings invested in
United States property for such
year (but only to the extent not
excluded from gross income under
section 959(a)(2)).
(2) Pro rata share of subpart F income.--
The pro rata share referred to in paragraph
(1)(A)(i) in the case of any United States
shareholder is the amount--
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