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I found this help article at Adsense Help Center. It seems to state clearly that owing a hosting service in the US is an US activity. But then below it says:
"Generally, utilizing an unrelated third-party US web hosting service to host your web pages, renting web servers that are located in the US from an unrelated third party, or having your payment sent to a US Post Office Box or mail forwarding address, do not of themselves constitute US Activities."
I'm confused, probably because I'm not even sure what is meant by "third-party US web hosting service".
Any suggestions very appreciated,
My understanding is the same as joelgreen's.
The only servers that I *own* are in the UK, where my businesses are located. I rent servers in several other countries including the US, and do not believe that such rental creates any "US activity" for tax and accounting purposes.