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No Tax Breaks for Outsourcing Act
Legislative Progress
Introduced
February 27, 2018
Latest Action
February 27, 2018
Primary Sponsor
Sheldon WhitehouseDemocratic(RI)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 3,805 other S bills in the 115th — cohort avg 41d
No Tax Breaks for Outsourcing Act This bill amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to: eliminate an exemption for certain returns from tangible investments made overseas, eliminate deductions for a domestic corporation's foreign-derived intangible income and global intangible low-taxed income, repeal a provision that excludes foreign oil and gas extraction income from the tested income of a controlled foreign corporation, limit the tax deduction for the interest expenses of a U.S. corporation that is a member of a financial reporting group (i.e., a group that prepares consolidated financial statements according to generally accepted accounting principles or international financial reporting standards), modify the rules for the taxation of inverted corporations (U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States), and treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for tax purposes.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (5)
2018 · fourth_quarter · Taxation/Internal Revenue Code
Read twice and referred to the Committee on Finance.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
HR 6760, HR 88- Tax Cuts 2.0, Protecting Family and Small Business Tax Cuts Act of 2018 House amendment to Senate amendment to HR 88- tax provisions HR 6757- The Family Savings Act of 2018 HR 2306, HR 1144, S 805- Wall Street Speculation Tax, including Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act and Inclusive Prosperity Act HR 5108, S 2459- No Tax Breaks for Outsourcing Act and Offshore Tax Loopholes Corporate tax, including rates, loopholes, revenue Federal tax reform impact on state and local government revenues, including State and Local Tax Deduction Puerto Rico Earned Income Tax Credit and Child Tax Credit Parity with States
Client expense: $540,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE
2018 · fourth_quarter · Taxation/Internal Revenue Code
Employer-sponsored health care credit and tax exclusion; Financial Transaction Tax; Corporate Tax; Estate Tax; Childcare Tax Credit; EITC; Carried Interest; Corporate Tax Reform; Territorial; Repatriation; Business Deduction; SALT Deductions; No Tax Breaks for Outsourcing (H.R. 5108 S.2459); HR 6760; Tax Fairness for Workers
Client expense: $460,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), SENATE, State, Dept of (DOS), U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
2018 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1144/S. 805, Inclusive Prosperity Financial Transaction Tax: legislation to impose a financial transactions tax on Wall Street trading -worked on introducing legislation in the other legislation in the Senate regarding a Wall Street Sales Tax H.R. 2306: Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act: legislation to impose a financial transactions tax on Wall Street trading H.R. 2295/S. 1020, Carried Interest Fairness Act of 2017: legislation to close the carried interest loophole H.R. 5108/S. 2459, No Tax Breaks for Outsourcing Act: legislation to end tax incentives for companies to move money and jobs offshore and encourage creation of jobs in America H.R. 6096/S. 2605, Reward Work Act: legislation that would reverse the 1982 SEC ruling and would ban companies from buying back their stock on the open market.
Client expense: $200,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Labor, Dept of (DOL), SENATE, Transportation Security Administration (TSA), Transportation, Dept of (DOT), U.S. Trade Representative (USTR)
2018 · fourth_quarter · Taxation/Internal Revenue Code
1. Repeal of the Patient Protection and Affordable Health Care Act health care premium subsidies through the federal tax code 2. H.R. 1628, American Health Care Act of 2017, provisions relating to the tax code and health care premium subsidies 3. H.R. 1, Tax Cuts and Jobs Act, Public Law 115-97, implementation of provisions relating to deductions for health care expenses and state and local taxes, personal exemptions, and the "individual mandate" of the Affordable Care Act 4. S. 2459, No Tax Breaks for Outsourcing Act, entire bill 5. Proposals to extend individual tax rates under current law 6. H.R. 6756, American Innovation Act of 2018, entire bill 7. H.R. 6757, Family Savings Act of 2018, entire bill 8. H.R. 6760, Protecting Family and Small Business Tax Cuts Act of 2018, entire bill
Client expense: $80,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA)
2018 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to offshore tax haven abuse and tax transparency H.R. 5108 / S. 2459, No Tax Breaks for Outsourcing Act H.R. 5145, Close Tax Loopholes That Outsource American Jobs Act H.R. 6015, Per-Country Minimum Act S. 2885, Disclosing Pharmaceutical Company Windfall Profits Act of 2018 S. 3674, Removing Incentives for Outsourcing Act S. 851 / H.R. 1932, Stop Tax Haven Abuse Act of 2017 H.R. 3434 / S. 1636, Stop Corporate Inversions Act of 2017
Client expense: $20,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, State, Dept of (DOS), Treasury, Dept of
2018 · third_quarter · Taxation/Internal Revenue Code
H.R. 399/S. 82, Stop Subsidizing Multimillion Dollar Corporate Bonuses Act: legislation to close the CEO Bonus loophole H.R. 1144/S. 805, Inclusive Prosperity Financial Transaction Tax: legislation to impose a financial transactions tax on Wall Street trading H.R. 2306: Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act: legislation to impose a financial transactions tax on Wall Street trading H.R. 2295/S. 1020, Carried Interest Fairness Act of 2017: legislation to close the carried interest loophole H.R. 5108/S. 2459, No Tax Breaks for Outsourcing Act: legislation to end tax incentives for companies to move money and jobs offshore and encourage creation of jobs in America H.R. 6096/S. 2605, Reward Work Act: legislation that would reverse the 1982 SEC ruling and would ban companies from buying back their stock on the open market.
Client expense: $200,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Aviation Administration (FAA), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Labor, Dept of (DOL), SENATE, Transportation Security Administration (TSA), U.S. Trade Representative (USTR)
2018 · third_quarter · Taxation/Internal Revenue Code
1. Repeal of the Patient Protection and Affordable Health Care Act health care premium subsidies through the federal tax code 2. H.R. 1628, American Health Care Act of 2017, provisions relating to the tax code and health care premium subsidies 3. H.R. 1, Tax Cuts and Jobs Act, Public Law 115-97, implementation of provisions relating to deductions for health care expenses and state and local taxes, personal exemptions, and the "individual mandate" of the Affordable Care Act 4. S. 2459, No Tax Breaks for Outsourcing Act, entire bill 5. Proposals to extend individual tax rates under current law
Client expense: $80,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), Pension Benefit Guaranty Corporation (PBGC), President of the U.S., SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA)
2018 · third_quarter · Taxation/Internal Revenue Code
Employer-sponsored health care credit and tax exclusion; Financial Transaction Tax; Corporate Tax; Estate Tax; Childcare Tax Credit; EITC; Carried Interest; Corporate Tax Reform; Territorial; Repatriation; Business Deduction; SALT Deductions; No Tax Breaks for Outsourcing (H.R. 5108 S.2459); HR 6760
Client expense: $480,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), Natl Labor Relations Board (NLRB), Office of Management & Budget (OMB), SENATE, State, Dept of (DOS), U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
2018 · third_quarter · Taxation/Internal Revenue Code
HR 3798- Save American Workers Act HR 6760- Protecting Family and Small Business Tax Cuts Act of 2018 HR 6757- The Family Savings Act of 2018 HR 2306, HR 1144, S 805- Wall Street Speculation Tax, including Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act and Inclusive Prosperity Act S 1020, HR 2295- Carried Interest Fairness Act HR 5108, S 2459- No Tax Breaks for Outsourcing Act and Offshore Tax Loopholes Corporate tax, including rates, loopholes, revenue Federal tax reform impact on state and local government revenues, including State and Local Tax Deduction Puerto Rico Earned Income Tax Credit and Child Tax Credit Parity with states HR 6760- Tax Cuts 2.0
Client expense: $550,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Taxation/Internal Revenue Code
Issues related to offshore tax haven abuse and tax transparency H.R. 5108 / S. 2459, No Tax Breaks for Outsourcing Act H.R. 5145, Close Tax Loopholes That Outsource American Jobs Act H.R.6015, Per-Country Minimum Act S.2885, Disclosing Pharmaceutical Company Windfall Profits Act of 2018 S. 851 / H.R. 1932, Stop Tax Haven Abuse Act of 2017 H.R. 3434 / S. 1636, Stop Corporate Inversions Act of 2017 H.R.2054 / S.869, A bill to repeal the violation of sovereign nations' laws and privacy matters
Client expense: $20,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Office of Natl Drug Control Policy (NDCP), SENATE, State, Dept of (DOS), Treasury, Dept of
2018 · second_quarter · Taxation/Internal Revenue Code
Issues related to offshore tax haven abuse and tax transparency H.R. 5108 / S. 2459, No Tax Breaks for Outsourcing Act H.R. 5145, Close Tax Loopholes That Outsource American Jobs Act S. 851 / H.R. 1932, Stop Tax Haven Abuse Act of 2017 H.R. 2057, Tax Fairness and Transparency Act of 2017 H.R. 3434 / S. 1636, Stop Corporate Inversions Act of 2017 H.R. 1931, Corporate EXIT Fairness Act H.R. 1451 / S. 586, Corporate Tax Dodging Prevention Act S. 1673, Pay What You Owe Before You Go Act H.R. 2054 / S.869 - A bill to repeal the violation of sovereign nations' laws and privacy matters H.R. 1669, Partnership to Build America Act H.R. 1670, Infrastructure 2.0 Act S. 2885, Disclosing Pharmaceutical Company Windfall Profits Act of 2018 H.R. 6015, Per-Country Minimum Act
Client expense: $10,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Defense, Dept of (DOD), Federal Bureau of Investigation (FBI), Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Natl Security Council (NSC), Office of Natl Drug Control Policy (NDCP), SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Agency for International Development (USAID)
2018 · first_quarter · Taxation/Internal Revenue Code
Issues related to offshore tax haven abuse and tax transparency H.R. 5108 / S. 2459, No Tax Breaks for Outsourcing Act H.R. 5145, Close Tax Loopholes That Outsource American Jobs Act S. 851 / H.R. 1932, Stop Tax Haven Abuse Act of 2017 H.R. 2057, Tax Fairness and Transparency Act of 2017 H.R. 3434 / S. 1636, Stop Corporate Inversions Act of 2017 H.R. 1931, Corporate EXIT Fairness Act H.R. 1451 / S. 586. Corporate Tax Dodging Prevention Act S. 1673, Pay What You Owe Before You Go Act H.R.2054 / S.869 - A bill to repeal the violation of sovereign nations' laws and privacy matters H.R. 1669, Partnership to Build America Act H.R. 1670. Infrastructure 2.0 Act
Client expense: $10,000 · Firm income: Not reported
Government targets: Federal Bureau of Investigation (FBI), Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Office of Natl Drug Control Policy (NDCP), SENATE, State, Dept of (DOS), Treasury, Dept of
2018 · second_quarter · Taxation/Internal Revenue Code
H.R. 399/S. 82, Stop Subsidizing Multimillion Dollar Corporate Bonuses Act: legislation to close the CEO Bonus loophole H.R. 1144/S. 805, Inclusive Prosperity Financial Transaction Tax: legislation to impose a financial transactions tax on Wall Street trading H.R. 2306: Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act: legislation to impose a financial transactions tax on Wall Street trading H.R. 2295/S. 1020, Carried Interest Fairness Act of 2017: legislation to close the carried interest loophole H.R. 5108/S. 2459, No Tax Breaks for Outsourcing Act: legislation to end tax incentives for companies to move money and jobs offshore and encourage creation of jobs in America H.R. 6096/S. 2605, Reward Work Act: legislation that would reverse the 1982 SEC ruling and would ban companies from buying back their stock on the open market.
Client expense: $200,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Transportation Security Administration (TSA), Transportation, Dept of (DOT), U.S. Trade Representative (USTR)
2018 · first_quarter · Taxation/Internal Revenue Code
H.R. 399/S. 82, Stop Subsidizing Multimillion Dollar Corporate Bonuses Act: legislation to close the CEO Bonus loophole H.R. 1144/S. 805, Inclusive Prosperity Financial Transaction Tax: legislation to impose a financial transactions tax on Wall Street trading H.R. 2306: Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act: legislation to impose a financial transactions tax on Wall Street trading H.R. 2295/S. 1020, Carried Interest Fairness Act of 2017: legislation to close the carried interest loophole H.R. 5108/ S. 2459, No Tax Breaks for Outsourcing Act: legislation to end tax incentives for companies to move money and jobs offshore and encourage creation of jobs in America S.2605, Reward Work Act: legislation that would reverse the 1982 SEC ruling and would ban companies from buying back their stock on the open market.
Client expense: $200,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Transportation Security Administration (TSA), Transportation, Dept of (DOT), U.S. Trade Representative (USTR)
2018 · second_quarter · Taxation/Internal Revenue Code
1. Repeal of the Patient Protection and Affordable Health Care Act health care premium subsidies through the federal tax code 2. H.R. 1628, American Health Care Act of 2017, provisions relating to the tax code and health care premium subsidies 3. H.R. 1, Tax Cuts and Jobs Act, Public Law 115-97, implementation of provisions relating to deductions for health care expenses and state and local taxes, personal exemptions, and the "individual mandate" of the Affordable Care Act 4. S. 2459, No Tax Breaks for Outsourcing Act, entire bill
Client expense: $70,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), Pension Benefit Guaranty Corporation (PBGC), President of the U.S., SENATE, Social Security Administration (SSA)
2018 · second_quarter · Taxation/Internal Revenue Code
Tax Cuts Round 2 HR 2306, HR 1144, S 805- Wall Street Speculation Tax, including Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act or Inclusive Prosperity Act S 1020, HR 2295- Carried Interest Fairness Act HR 5108, S 2459- No Tax Breaks for Outsourcing Act Corporate tax, including rates, loopholes, revenue Federal tax reform impact on state and local government revenues, including State and Local Tax Deduction Puerto Rico Earned Income Tax Credit and Child Tax Credit Parity with states HR 798- Child Tax Credit Equity for Puerto Rico Act of 2017 Stop Corporate Tax Inversions Act
Client expense: $580,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · second_quarter · Taxation/Internal Revenue Code
Employer-sponsored health care credit and tax exclusion; Financial Transaction Tax; Corporate Tax; Estate Tax; Childcare Tax Credit; EITC; Carried Interest; Corporate Tax Reform; Territorial; Repatriation; Business Deduction; SALT Deductions; No Tax Breaks for Outsourcing (H.R. 5108 S.2459)
Client expense: $450,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), Natl Labor Relations Board (NLRB), Office of Management & Budget (OMB), SENATE, State, Dept of (DOS), U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
2018 · first_quarter · Taxation/Internal Revenue Code
Employer-sponsored health care credit and tax exclusion; Financial Transaction Tax; Corporate Tax; Estate Tax; Childcare Tax Credit; EITC; Carried Interest; Corporate Tax Reform; Territorial; Repatriation; Business Deduction; SALT Deductions; No Tax Breaks for Outsourcing (H.R. 5108 S.2459)
Client expense: $450,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), Natl Labor Relations Board (NLRB), Office of Management & Budget (OMB), SENATE, State, Dept of (DOS), U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
2018 · first_quarter · Taxation/Internal Revenue Code
Employer-sponsored health care credit and tax exclusion; Financial Transaction Tax; Corporate Tax; Estate Tax; Childcare Tax Credit; EITC; Carried Interest; Corporate Tax Reform; Territorial; Repatriation; Business Deduction; SALT Deductions; No Tax Breaks for Outsourcing (H.R. 5108 S.2459)
Client expense: $450,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), Natl Labor Relations Board (NLRB), Office of Management & Budget (OMB), SENATE, State, Dept of (DOS), U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office