Base Erosion and Anti-Abuse Tax
GPTKB entity
Statements (22)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:abbreviation |
gptkb:BEAT
|
| gptkbp:administeredBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:appliesTo |
corporations
multinational companies |
| gptkbp:codifiedIn |
gptkb:Internal_Revenue_Code_Section_59A
|
| gptkbp:country |
gptkb:United_States
|
| gptkbp:enactedBy |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| https://www.w3.org/2000/01/rdf-schema#label |
Base Erosion and Anti-Abuse Tax
|
| gptkbp:purpose |
prevent base erosion
prevent profit shifting |
| gptkbp:relatedTo |
international taxation
corporate tax anti-abuse rules |
| gptkbp:startDate |
2018
|
| gptkbp:target |
deductible payments to foreign related parties
|
| gptkbp:taxStatus |
12.5% (2026 and after)
10% (2018-2025) |
| gptkbp:threshold |
applies to corporations with average annual gross receipts of $500 million or more
|
| gptkbp:bfsParent |
gptkb:US_Taxation_of_International_Income
gptkb:Internal_Revenue_Code_Section_59A |
| gptkbp:bfsLayer |
7
|