FOREIGN INVESTMENTS

Articles and editorials

Iraq Business Deals May Be Invalid, Law Experts Warn, H10233 [30OC]

Bills and resolutions

Business and industry: eliminate incentives to move operations abroad, enforce antidumping and trade laws, prohibit commerce in products made with child labor, and extend Buy American Act provisions (see S. 592), S3504 [11MR]

Iraq: establish program to foster private U.S. investment in Iraqi schools and hospitals through adopt-a-school and adopt-a-hospital initiatives (see H. Res. 455), H11651 [19NO]

Social Investment and Economic Development Fund for the Americas: establish (see H.R. 3447, 3447), H10457 [5NO]

Taxation: allow a deduction for certain distributions from a controlled foreign corporation to encourage personnel and economic investments by companies (see H.R. 1162), H1681 [6MR]

———encourage investing of foreign earnings within the U.S. for productive business purposes (see S. 596), S3504 [11MR] (see H.R. 767), H699 [13FE]

———prevent corporations from avoiding the U.S. income tax by reincorporating in a foreign country (see H.R. 737), H461 [12FE]

———prevent corporations from exploiting tax treaties to evade U.S. income tax and prevent manipulation of transfer prices by deflection of income to tax havens (see H.R. 2184), H4527 [21MY]

———provide that the foreign tax credit not be redetermined relative to refunds of unlawful foreign taxes to taxpayers who successfully challenge those taxes (see H.R. 940), H1395 [26FE]

———treatment of certain transfers of intangible property for foreign tax credit limitation purposes (see H.R. 1159), H1680 [6MR]

———treatment of foreign investments through U.S. regulated investment companies (see H.R. 1669), H2938 [8AP]

Remarks in House

Ethiopia: prohibit international investment organizations and development banks from supporting projects until claims of confiscated private property by the Ethiopian Government are resolved, H11554 [19NO]

Iraq: obligations of Coalition Provisional Authority to uphold law concerning contracts and asset ownership, H10233 [30OC]

Taxation: prevent corporations from avoiding the U.S. income tax by reincorporating in a foreign country, H3101 [10AP], H4852 [3JN]

———prevent corporations from avoiding the U.S. income tax by reincorporating in a foreign country (H.R. 737), H1522 [5MR]

———treatment of certain transfers of intangible property for foreign tax credit limitation purposes (H.R. 1159), E400 [7MR]

Remarks in Senate

Business and industry: eliminate incentives to move operations abroad, enforce antidumping and trade laws, prohibit commerce in products made with child labor, and extend Buy American Act provisions (S. 592), S3516 [11MR]

Taxation: encourage investing of foreign earnings within the U.S. for productive business purposes, S6240, S6241 [14MY], S6427, S6428 [15MY]

———encourage investing of foreign earnings within the U.S. for productive business purposes (S. 596), S3519, S3520 [11MR]

———encourage investing of foreign earnings within the U.S. for productive business purposes (S. 596), star print, S3910 [18MR]

———prevent corporations from avoiding the U.S. income tax by reincorporating in a foreign country, S4338 [25MR], S5287 [11AP]

———treatment of existing inversions by corporations to avoid the U.S. income tax by reincorporating in a foreign country, S6440 [15MY]

Reports filed

Double Taxation and Prevention of Fiscal Evasion Treaty With Australia: Committee on Foreign Relations (Senate) (Exec. Rept. 108-3), S3729 [13MR]

Double Taxation and Prevention of Fiscal Evasion Treaty With Mexico: Committee on Foreign Relations (Senate) (Exec. Rept. 108-4), S3729 [13MR]

Double Taxation and Prevention of Fiscal Evasion Treaty With the United Kingdom: Committee on Foreign Relations (Senate) (Exec. Rept. 108-2), S3729 [13MR]

Resolutions of ratification

Double Taxation and Prevention of Fiscal Evasion Treaty With Australia, S3729, S3763 [13MR]

Double Taxation and Prevention of Fiscal Evasion Treaty With Mexico, S3729, S3763 [13MR]

Double Taxation and Prevention of Fiscal Evasion Treaty With the United Kingdom, S3729, S3763 [13MR]

Texts of

S. 596, Invest in the U.S.A. Act, S3519 [11MR]