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A bill to amend the Internal Revenue Code to include in income the unrepatriated earnings of groups that include an inverted corporation.

USA115th CongressS-1673| Senate 
| Updated: 7/31/2017
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Cosponsors (2)
Richard J. Durbin (Democratic)Chris Van Hollen (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Pay What You Owe Before You Go Act This bill amends the Internal Revenue Code to require the recapture in subpart F income (i.e., income of a controlled foreign corporation earned outside the United States which is not tax deferred) of the accumulated deferred foreign income of such corporation (i.e., the undistributed earnings of the controlled foreign corporation over its undistributed U.S. earnings) for its last taxable year.
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Timeline
Jul 31, 2017
Introduced in Senate
Jul 31, 2017
Read twice and referred to the Committee on Finance.
  • July 31, 2017
    Introduced in Senate


  • July 31, 2017
    Read twice and referred to the Committee on Finance.

Taxation

Corporate finance and managementForeign and international corporationsTaxation of foreign income

A bill to amend the Internal Revenue Code to include in income the unrepatriated earnings of groups that include an inverted corporation.

USA115th CongressS-1673| Senate 
| Updated: 7/31/2017
Pay What You Owe Before You Go Act This bill amends the Internal Revenue Code to require the recapture in subpart F income (i.e., income of a controlled foreign corporation earned outside the United States which is not tax deferred) of the accumulated deferred foreign income of such corporation (i.e., the undistributed earnings of the controlled foreign corporation over its undistributed U.S. earnings) for its last taxable year.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 31, 2017
Introduced in Senate
Jul 31, 2017
Read twice and referred to the Committee on Finance.
  • July 31, 2017
    Introduced in Senate


  • July 31, 2017
    Read twice and referred to the Committee on Finance.
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Cosponsors (2)
Richard J. Durbin (Democratic)Chris Van Hollen (Democratic)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Corporate finance and managementForeign and international corporationsTaxation of foreign income