HR 62

112th CONGRESS
1st Session

H. R. 62

To amend the Internal Revenue Code of 1986 to reduce international tax avoidance and restore a level playing field for American businesses.

IN THE HOUSE OF REPRESENTATIVES

January 5, 2011

Mr. DOGGETT introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to reduce international tax avoidance and restore a level playing field for American businesses.

SECTION 1. SHORT TITLE.

SEC. 2. TREATMENT OF FOREIGN CORPORATIONS MANAGED AND CONTROLLED IN THE UNITED STATES AS DOMESTIC CORPORATIONS.

SEC. 3. CURRENT TAXATION OF ROYALTIES AND OTHER INCOME FROM INTANGIBLES RECEIVED FROM A CONTROLLED FOREIGN CORPORATION.

SEC. 4. TAXATION OF BOOT RECEIVED IN REORGANIZATIONS.

END