3.0.0 2662 2023-01-11T13:31:45Z 2023-01-11T13:31:45Z Senate S 2016-03-10 114 ssfi00 Finance Committee Senate Standing Referred to 2016-03-10T16:25:18Z 2016-03-10 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2016-03-10 Introduced in Senate IntroReferral 10000 9 Library of Congress B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH N D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2016-03-10 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2016-03-10 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2016-04-04 False Taxation Corporate finance and management Foreign and international corporations Taxation of foreign income Taxation 00 2016-03-10 Introduced in Senate 2016-04-05T12:48:00Z Pay What You Owe Before You Go Act

This bill amends the Internal Revenue Code to require the recapture in subpart F income (i.e., income of a controlled foreign corporation earned outside the United States which is not tax deferred) of the accumulated deferred foreign income of such corporation (i.e., the undistributed earnings of the controlled foreign corporation over its undistributed U.S. earnings) for its last taxable year.

]]> Pay What You Owe Before You Go Act Display Title Pay What You Owe Before You Go Act Official Title as Introduced A bill to amend the Internal Revenue Code to include in income the unrepatriated earnings of groups that include an inverted corporation. Introduced in Senate IS Short Titles as Introduced Pay What You Owe Before You Go Act Introduced in Senate 2016-03-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s2662is/xml/BILLS-114s2662is.xml 2016-03-10 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.