Summary: H.R.6015 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.6015. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/06/2018)

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.