Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
115-hr-6015115th Congress
Per-Country Minimum Act
Sponsored By: Representative DeFazio, Peter A. [D-OR-4]
Unknown
Summary
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.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
DeFazio, Peter A. [D-OR-4]
OR • D
Cosponsors
Rep. Doggett, Lloyd [D-TX-37]
TX • D
Sponsored 6/6/2018
Rep. DeLauro, Rosa L. [D-CT-3]
CT • D
Sponsored 6/6/2018
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 6/6/2018
Rep. Schakowsky, Janice D. [D-IL-9]
IL • D
Sponsored 6/6/2018
Rep. Garamendi, John [D-CA-8]
CA • D
Sponsored 6/7/2018
Rep. Pocan, Mark [D-WI-2]
WI • D
Sponsored 6/19/2018
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov