base erosion and anti-abuse tax (BEAT)
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:United_States_federal_law
gptkb:tax_law |
| gptkbp:abbreviation |
gptkb:BEAT
|
| gptkbp:appliesTo |
corporations
multinational corporations |
| gptkbp:category |
corporate income tax
anti-avoidance tax |
| gptkbp:codifiedIn |
gptkb:Internal_Revenue_Code_Section_59A
|
| gptkbp:country |
gptkb:United_States
|
| gptkbp:enforcedBy |
gptkb:Internal_Revenue_Service_(IRS)
|
| https://www.w3.org/2000/01/rdf-schema#label |
base erosion and anti-abuse tax (BEAT)
|
| gptkbp:introduced |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| gptkbp:purpose |
prevent base erosion
prevent profit shifting |
| gptkbp:relatedTo |
gptkb:foreign-derived_intangible_income_(FDII)
gptkb:global_intangible_low-taxed_income_(GILTI) |
| gptkbp:startDate |
2018
|
| gptkbp:target |
deductible payments to foreign affiliates
|
| gptkbp:taxStatus |
10% (2019-2025)
12.5% (2026 and after) |
| gptkbp:threshold |
applies to corporations with average annual gross receipts of $500 million or more
|
| gptkbp:bfsParent |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| gptkbp:bfsLayer |
5
|