S.250 - Corporate Tax Dodging Prevention Act

A bill to amend the Internal Revenue Code of 1986 to modify the treatment of foreign corporations, and for other purposes. view all titles (2)

All Bill Titles

  • Official: A bill to amend the Internal Revenue Code of 1986 to modify the treatment of foreign corporations, and for other purposes. as introduced.
  • Short: Corporate Tax Dodging Prevention Act as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 2
  • Past Seven Days: 12
  • All-Time: 617
 
Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
02/06/13
 
 
 
 
 
 
 

Official Summary

Corporate Tax Dodging Prevention Act - Amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to: (1) eliminate the deferral of tax on the foreign-source income of U.S. corporations for taxable years beginning after December 31,

Official Summary

Corporate Tax Dodging Prevention Act - Amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to:
(1) eliminate the deferral of tax on the foreign-source income of U.S. corporations for taxable years beginning after December 31, 2013,
(2) deny the foreign tax credit to large integrated oil companies that are dual capacity taxpayers,
(3) limit the offset of the foreign tax credit to income that is subject to U.S. tax, and
(4) treat foreign corporations managed and controlled in the United States as domestic corporations for U.S. tax purposes.

...Read the Rest




Vote on This Bill

-% Users Support Bill

0 in favor / 0 opposed
 

Send Your Senator a Letter

about this bill Support Oppose Tracking
Track with MyOC