Statements (20)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
section of the U.S. Internal Revenue Code
|
| gptkbp:amendedBy |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| gptkbp:appliesTo |
U.S. shareholders of controlled foreign corporations (CFCs)
|
| gptkbp:codifiedIn |
26 U.S. Code § 962
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| https://www.w3.org/2000/01/rdf-schema#label |
Section 962
|
| gptkbp:provides |
potential for indirect foreign tax credit
election for individuals to be taxed at corporate rates on certain CFC income |
| gptkbp:purpose |
to allow individual U.S. shareholders to be taxed as if they were corporations on certain income from CFCs
|
| gptkbp:relatedTo |
gptkb:Subpart_F_income
Section 951 Section 960 Global Intangible Low-Taxed Income (GILTI) Section 951A |
| gptkbp:startDate |
1962
|
| gptkbp:taxStatus |
corporate tax rate for electing individuals
|
| gptkbp:type |
annual election
tax planning for U.S. individuals with foreign corporations |
| gptkbp:bfsParent |
gptkb:US_Taxation_of_International_Income
|
| gptkbp:bfsLayer |
7
|