Territorial Tax Parity and Clarification Act

Rate

AI Summary: The Territorial Tax Parity and Clarification Act aims to ensure fairness in taxation for U.S. corporations operating overseas by clarifying provisions related to territorial tax systems. The bill seeks to prevent double taxation on foreign income, promote competitiveness of American businesses abroad, and simplify the international tax system. It proposes changes to existing laws to provide clarity on the treatment of foreign income and deductions, ultimately aiming to create a more balanced and efficient tax environment for U.S. companies operating globally.

Latest Action: Introduced in House

Comments Contributions Actions (2) Sponsors (1) Cosponsors (0) Text Versions (1) Roll Calls (0) Amendments (0) View All

Share your views on the Bill     

User Icon

Min. 50 characters required  |  (0/1000 Character)

Contributions (0)
Add Contribution+2 pts.

Contribute Your Insights: Add a Unique Perspective to Political Bills. Your Contribution will be Featured Below the Primary Bill, Ordered by Date Added.

Actions (2):

  • 2023-02-14 : Introduced in House

  • 2023-02-14 : Referred to the House Committee on Ways and Means.

Text Versions (1):