Summary: S.3280 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.3280. Bill summaries are authored by CRS.

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Introduced in Senate (02/12/2020)

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.