Statements (36)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
tax code section
|
| gptkbp:affects |
multinational corporations
|
| gptkbp:allows |
payment of tax in installments over 8 years
|
| gptkbp:appliesTo |
U.S. shareholders of specified foreign corporations
controlled foreign corporations (CFCs) other specified foreign corporations U.S. persons owning 10% or more of a foreign corporation |
| gptkbp:codifiedIn |
26 U.S.C. § 965
|
| gptkbp:enactedBy |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| gptkbp:enforcedBy |
gptkb:Internal_Revenue_Service
|
| https://www.w3.org/2000/01/rdf-schema#label |
Section 965
|
| gptkbp:imposedBy |
transition tax
|
| gptkbp:IRSGuidance |
Notice 2018-07
Notice 2018-13 Notice 2018-26 Notice 2018-78 Revenue Procedure 2018-17 |
| gptkbp:partOf |
gptkb:Internal_Revenue_Code
|
| gptkbp:purpose |
transition to participation exemption system
|
| gptkbp:relatedTo |
gptkb:global_intangible_low-taxed_income_(GILTI)
gptkb:Subpart_F_income repatriation of foreign earnings Section 245A one-time deemed repatriation |
| gptkbp:requires |
inclusion of deferred foreign income
|
| gptkbp:startDate |
tax years beginning before January 1, 2018
|
| gptkbp:subject |
anti-avoidance rules
basis adjustments foreign tax credit limitations |
| gptkbp:taxStatus |
Form 965
Form 965-A Form 965-B |
| gptkbp:transitionTaxRate |
15.5% for cash and cash equivalents
8% for other assets |
| gptkbp:bfsParent |
gptkb:US_Taxation_of_International_Income
|
| gptkbp:bfsLayer |
7
|