S 396
110th Congress
Senate
Taxation
Commerce
Corporation taxes
Foreign Trade and International Finance
Foreign corporations
Income tax
Tax shelters
Taxation of foreign income
A bill to amend the Internal Revenue Code of 1986 to treat controlled foreign corporations in tax havens as domestic corporations.
Introduced: January 25, 2007
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 29, 2007
Sponsor introductory remarks on measure. (CR S1265)
Jan 25, 2007
Read twice and referred to the Committee on Finance.
Jan 25, 2007
Sponsor introductory remarks on measure. (CR S1194-1195)
Jan 25, 2007
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to treat certain controlled foreign corporations created or organized under the laws of a tax-haven country as domestic corporations for tax purposes. Sets forth a list of "tax-haven countries" and grants the Secretary of the Treasury authority to remove or add a country from such list.
What's happening now
Sponsor introductory remarks on measure. (CR S1265)
Committees of jurisdiction
1