H.R. 1911 is a bill that proposes changes to the Internal Revenue Code of 1986. The bill aims to exempt certain payments made to foreign-related parties from being classified as base erosion payments, as long as those payments are taxed at a rate of at least 15% in a foreign country. It also...
Simple Explanation
This bill wants to change some tax rules so that if a company in the U.S. pays another company in another country and that payment gets taxed at least 15%, the U.S. won't count it as a sneaky way to avoid taxes.