Section 951A of the Internal Revenue Code
GPTKB entity
Statements (22)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
section of the Internal Revenue Code
|
| gptkbp:administeredBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:affects |
multinational corporations
|
| gptkbp:appliesTo |
U.S. shareholders of controlled foreign corporations
tax years of U.S. shareholders in which or with which such tax years of foreign corporations end tax years of foreign corporations beginning after December 31, 2017 |
| gptkbp:citation |
Section 250 of the Internal Revenue Code
Section 957 of the Internal Revenue Code Section 958 of the Internal Revenue Code Section 960 of the Internal Revenue Code |
| gptkbp:codifiedIn |
gptkb:Title_26_of_the_United_States_Code
|
| gptkbp:enactedBy |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| gptkbp:establishes |
Global Intangible Low-Taxed Income (GILTI)
|
| https://www.w3.org/2000/01/rdf-schema#label |
Section 951A of the Internal Revenue Code
|
| gptkbp:provides |
deduction for certain domestic corporations under Section 250
|
| gptkbp:purpose |
to prevent base erosion and profit shifting
|
| gptkbp:relatedTo |
gptkb:Subpart_F_income
|
| gptkbp:requires |
inclusion of GILTI in gross income
|
| gptkbp:startDate |
January 1, 2018
|
| gptkbp:subject |
foreign tax credit under Section 960
|
| gptkbp:bfsParent |
gptkb:global_intangible_low-taxed_income_(GILTI)
|
| gptkbp:bfsLayer |
6
|