3.0.0 6015 2023-01-11T13:42:24Z 2023-01-11T13:42:24Z House HR 2018-06-06 115 [Congressional Record Volume 164, Number 93 (Wednesday, June 6, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DeFAZIO:H.R. 6015.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18 (relating to the power tomake all laws necessary and proper for carrying out thepowers vested in Congress)[Page H4849]]]> hswm00 Ways and Means Committee House Standing Referred to 2018-06-06T14:01:30Z Removing Incentives for Outsourcing Act 115 3674 S 2018-11-28 Read twice and referred to the Committee on Finance. Related bill CRS 2018-06-06 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-06-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-06-06 Introduced in House IntroReferral 1000 9 Library of Congress D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 N D000399 Rep. Doggett, Lloyd [D-TX-35] LLOYD DOGGETT D TX 35 2018-06-06 True D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2018-06-06 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2018-06-06 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2018-06-06 True G000559 Rep. Garamendi, John [D-CA-3] John Garamendi D CA 3 2018-06-07 False P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2018-06-19 False Taxation Foreign and international corporations Income tax deductions Tax administration and collection, taxpayers Taxation of foreign income Taxation 00 2018-06-06 Introduced in House 2019-03-20T14:29:49Z 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.

]]> Per-Country Minimum Act Display Title Per-Country Minimum Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to increase the tax on certain global intangible income. Introduced in House IH Short Titles as Introduced Per-Country Minimum Act Introduced in House 2018-06-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr6015ih/xml/BILLS-115hr6015ih.xml 2018-06-06 Referred to the House Committee on Ways and Means. 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.