Per-Country Minimum Act

Summary

Per-Country Minimum Act This bill modifies the tax treatment of foreign source income of domestic corporations to: (1) increase taxes that apply to global intangible income by reducing the deduction that is allowed under current law, (2) eliminate a provision that allows companies to deduct a portion of the tangible assets of their controlled foreign corporations (CFCs) before the tax on foreign income applies, and (3) require net CFC tested income to be determined on a country-by-country basis rather than globally.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 June 2018

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• Introduced in House (PDF)

  Introduced in House · EN · 6 June 2018

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• Introduced in House

  summary · EN · 6 June 2018

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