There is hereby imposed on any person who receives greenmail a tax equal to 50 percent of gain or other income of such person by reason of such receipt.
The term “public tender offer” means any offer to purchase or otherwise acquire stock or assets in a corporation if such offer was or would be required to be filed or registered with any Federal or State agency regulating securities.
A person is related to another person if the relationship between such persons would result in the disallowance of losses under section 267 or 707(b).
The tax imposed by this section shall apply whether or not the gain or other income referred to in subsection (a) is recognized.
For purposes of the deficiency procedures of subtitle F, any tax imposed by this section shall be treated as a tax imposed by subtitle A.