### Question
What does qualified investments in foreign base company shipping operations mean?


### Answer
**Qualified investments in foreign base company shipping operations** has the following meaning in *26 U.S.C. § 955*:

> investments in—


(A) any aircraft or vessel used in foreign commerce, and


(B) other assets which are used in connection with the performance of services directly related to the use of any such aircraft or vessel

#### Citation:
  - *26 U.S.C. § 955*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter N-Tax Based on Income From Sources Within or Without the United States > PART III-INCOME FROM SOURCES WITHOUT THE UNITED STATES > Subpart F-Controlled Foreign Corporations**

