3.0.0 3280 2022-02-08T23:25:41Z 2022-02-08T23:25:41Z Senate S 2020-02-12 116 ssfi00 Finance Committee Senate Standing Referred to 2020-02-12T17:34:02Z 2020-02-12 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2020-02-12 Introduced in Senate IntroReferral 10000 9 Library of Congress W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR N B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2020-02-12 True Taxation Foreign and international corporations Securities Taxation of foreign income Taxation 00 2020-02-12 Introduced in Senate 2021-01-14T16:21:26Z Blocking New Corporate Tax Giveaways Act

This bill modifies the global intangible low-taxed income (GILTI) regime to provide that high-taxed amounts are excluded from tested income for purposes of determining GILTI only if such amounts are initially treated as foreign base company income or insurance income.

]]> Blocking New Corporate Tax Giveaways Act Display Title Blocking New Corporate Tax Giveaways Act Short Title(s) as Introduced Blocking New Corporate Tax Giveaways Act Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to clarify that high-taxed amounts are excluded from tested income for purposes of determining global intangible low-taxed income only if such amounts would be foreign base company income or insurance income. Introduced in Senate IS Introduced in Senate 2020-02-12T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3280is/xml/BILLS-116s3280is.xml 2020-02-12 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.