Tax Parity for U.S. Mutual Funds Act of 2021 This bill establishes international regulated investment companies (IRICs) and specifies rules for the taxation of such companies. An IRIC is a regulated investment company (i.e., a mutual fund) that has all of its outstanding stock held by foreign shareholders, including nonresident alien individuals (and their foreign estates) and qualified foreign pension funds, and meets other specified requirements.
Referred to the House Committee on Ways and Means.
Taxation
Employee benefits and pensionsFinancial services and investmentsForeign and international corporationsSecuritiesTaxation of foreign incomeU.S. and foreign investments
Tax Parity for U.S. Mutual Funds Act of 2021
USA117th CongressHR-3142| House
| Updated: 5/12/2021
Tax Parity for U.S. Mutual Funds Act of 2021 This bill establishes international regulated investment companies (IRICs) and specifies rules for the taxation of such companies. An IRIC is a regulated investment company (i.e., a mutual fund) that has all of its outstanding stock held by foreign shareholders, including nonresident alien individuals (and their foreign estates) and qualified foreign pension funds, and meets other specified requirements.
Employee benefits and pensionsFinancial services and investmentsForeign and international corporationsSecuritiesTaxation of foreign incomeU.S. and foreign investments