Search Results: keywords:"corporate tax dodging prevention act"

  • H. R. 7933 — To amend the Internal Revenue Code of 1986 to modify the treatment of foreign corporations, and for other purposes.
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    Status:Introduced in House
    Words:7,242

    H.R. 7933, titled the “Corporate Tax Dodging Prevention Act,” aims to amend the Internal Revenue Code to ensure fair taxation for foreign corporations and enhance U.S. corporate tax policies. It proposes restoring progressive corporate tax rates, equalizing tax rates on domestic and foreign...

    Simple Explanation

    The Corporate Tax Dodging Prevention Act is a bill that wants to make sure big companies pay their fair share of taxes by changing some rules so they can't hide money in other countries to pay less. It also aims to make certain foreign companies pay like they are in the U.S. if they are managed from here.

  • S. 4098 — To amend the Internal Revenue Code of 1986 to modify the treatment of foreign corporations, and for other purposes.
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    Status:Introduced in Senate
    Words:7,244

    The “Corporate Tax Dodging Prevention Act” aims to amend the Internal Revenue Code to adjust how taxes apply to foreign corporations and to ensure that foreign and domestic income are taxed equally. The bill proposes a progressive corporate tax rate, modifies rules for tax credits and...

    Simple Explanation

    The bill wants to make sure big companies from other countries pay taxes just like companies in the United States, by changing how much tax they pay based on their income and stopping certain old rules that let them pay less.