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S. 250

Corporate Tax Dodging Prevention Act

Corporate Tax Dodging Prevention Act - Amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to: (1) eliminate the deferral of tax on the foreign-source income of U.S. corporations for taxable years beginning after December 31, 2013, (2) deny the foreign tax credit to large integrated oil companies that are dual capacity taxpayers, (3) limit the offset of the foreign tax credit to income that is subject to U.S. tax, and (4) treat foreign corporations managed and controlled in the United States as domestic corporations for U.S. tax purposes.

Read twice and referred to the Committee on Finance.

Sen. Sanders, Bernard [I-VT](I-VT)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions3related bills7subjects
  • Introduced in SenateFeb 7, 2013
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

  2. IntroReferral10000

    Introduced in Senate

Corporate Tax Dodging Prevention Act — Informed