H.R.5328 - International Tax Competitiveness Act of 2010

To amend the Internal Revenue Code of 1986 to reduce international tax avoidance and restore a level playing field for American businesses. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to reduce international tax avoidance and restore a level playing field for American businesses. as introduced.
  • Short: International Tax Competitiveness Act of 2010 as introduced.

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  • Today: 3
  • Past Seven Days: 10
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Introduced
 
House
Passes
 
Senate
Passes
 
President
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05/17/10
 
 
 
 
 
 
 

Official Summary

5/18/2010--Introduced.International Tax Competitiveness Act of 2010 - Amends the Internal Revenue Code to: (1) treat foreign corporations that are managed, directly or indirectly, within the United States as domestic corporations for U.S. tax purposes; (2) make certain royalty income and i

Official Summary

5/18/2010--Introduced.International Tax Competitiveness Act of 2010 - Amends the Internal Revenue Code to:
(1) treat foreign corporations that are managed, directly or indirectly, within the United States as domestic corporations for U.S. tax purposes;
(2) make certain royalty income and income from intangibles received from a controlled foreign corporation subject to U.S. taxation;
(3) repeal tax rules exempting foreign source income attributable to the active conduct of a foreign trade or business from withholding of tax requirements; and
(4) revise the tax treatment of property other than stock (i.e., boot) received in connection with a corporate reorganization to provide that such property shall be treated as a taxable dividend.

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Recent Blog Coverage

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10/07/10
Ways and Means Committee Leader, Sander Levin (D-Mich.) Predicts ...

There are other proposals in this area suggested by Representative Lloyd Doggett (D-Texas), per H.R. 5328, which would required companies take into account certain U.S. intangibles income under Subpart F. Doggett's approach would ...

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09/12/10
US tables new Anti-Tax Haven Legislation

1 Jun 2010

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08/31/10
90210 Day : Today is International “Beverly Hills 90210″ Day ...

H.R. 5328: International Tax Competitiveness Act of 2010 martindale.com Taxation | 28 July 2010. On May 18, Ways and Means Committee member Lloyd Doggett introduced H.R. 5328, the “International Tax Competitiveness Act of 2010” (the ...

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