Statements (22)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
income category
|
| gptkbp:administeredBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:appliesSince |
Taxable years of foreign corporations beginning after 1962
|
| gptkbp:appliesTo |
Controlled Foreign Corporations
|
| gptkbp:codifiedIn |
26 U.S.C. § 952
|
| gptkbp:dateEnacted |
1962
|
| gptkbp:definedIn |
Internal Revenue Code Section 952
|
| gptkbp:excludes |
effectively connected income
certain active business income |
| https://www.w3.org/2000/01/rdf-schema#label |
Subpart F income
|
| gptkbp:includes |
foreign base company income
income from countries under U.S. sanctions income from illegal bribes or kickbacks insurance income |
| gptkbp:purpose |
prevent tax deferral through offshore entities
|
| gptkbp:relatedTo |
gptkb:GILTI
PFIC rules |
| gptkbp:reportsTo |
gptkb:Form_5471
|
| gptkbp:subject |
current U.S. taxation
|
| gptkbp:taxedTo |
U.S. shareholders
|
| gptkbp:bfsParent |
gptkb:global_intangible_low-taxed_income_(GILTI)
|
| gptkbp:bfsLayer |
6
|