HR 3160
110th Congress
House
Taxation
Commerce
Corporation taxes
Finance and Financial Sector
Foreign Trade and International Finance
Foreign corporations
Income tax
International Affairs
Partnerships
Subsidiary corporations
Tax deductions
Tax treaties
Taxation of foreign income
Withholding tax
To amend the Internal Revenue Code of 1986 to prevent corporations from exploiting tax treaties to evade taxation of United States income.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 24, 2007
Referred to the House Committee on Ways and Means.
Jul 24, 2007
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to require the same level of tax withholding for tax deductible payments made between persons who are members of the same foreign controlled group of entities as would be required if such payments were made directly to the foreign parent corporation of such entities.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1