To amend the Internal Revenue Code of 1986 to impose a minimum tax of 5 percent of gross income on foreign and foreign-owned corporations which do not provide sufficient information to accurately determine their taxable income.

Summary

Amends the Internal Revenue Code to impose an additional minimum tax of five percent of gross income on certain foreign and foreign-owned corporations if they do not comply with a summons to produce records or testimony relating to the determination of tax for a taxable year.

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Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 29 January 1991

  Open at official source

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