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- H.R.4581
H.R.4581: Stop Corporate Earnings Stripping Act of 2016
About This Bill
- Introduced Feb. 23, 2016
- Latest Major Action Feb. 23, 2016
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (All Democrats)
Bill Summary
Stop Corporate Earnings Stripping Act of 2016 This bill amends the Internal Revenue Code to limit the tax deduction available to certain foreign-controlled U.S. multinational corporations for excess interest on debt incurred by such corporation (i.e., earnings stripping) by: (1) repealing the debt-to-equity ratio threshold required for such deduction, (2) reducing the permitted net interest expense threshold from 50% to 25% of the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Feb. 23, 2016 |
Referred to the House Committee on Ways and Means.
|
| Feb. 23, 2016 |
Introduced in the House by Sander M. Levin (D-Mich.) |