H.R.62 - International Tax Competitiveness Act of 2011

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 2011 as introduced.

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Introduced

House
Passes

Senate
Passes

President
Signs

01/04/11

Official Bill Text Comment on about 8 Pages

Sponsor

Representative

Lloyd Doggett

D-TX

No Co-Sponsors

Committees

House Ways and Means

Related Issue Areas

Data via Congressional Research Service View all Issues (4 more)Hide Issues

Official Summary

1/5/2011--Introduced.International Tax Competitiveness Act of 2011 - 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 in

Official Summary

1/5/2011--Introduced.International Tax Competitiveness Act of 2011 - 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; and
(3) 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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