§59A. Tax on base erosion payments of taxpayers with substantial gross receipts — Inbound Citations
26 U.S.C. § 59A
Cited by 8 provisions in release 119-102.
Citations to 26 U.S.C. § 59A as a whole
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(B) section 59A (relating to base erosion and anti-abuse tax),
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(2) the amount determined under subsection (c)(1) shall be increased by the amount of tax imposed under section 59A for the taxable year.
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(2) For purposes of subsection (a) and section 6038C, if the reporting corporation or the foreign corporation to whom section 6038C applies is an applicable taxpayer, the information described in this subsection shall include—(A) such information as the Secretary determines necessary to determine the base erosion minimum tax amount, base erosion payments, and base erosion tax benefits of the taxpayer for purposes of section 59A for the taxable year, and(B) such other information as the Secretary determines necessary to carry out such section.For purposes of this paragraph, any term used in this paragraph which is also used in section 59A shall have the same meaning as when used in such section.
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(A) such information as the Secretary determines necessary to determine the base erosion minimum tax amount, base erosion payments, and base erosion tax benefits of the taxpayer for purposes of section 59A for the taxable year, and
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(iii) the tax imposed by section 59A, over
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(iii) the tax imposed by section 59A, plus
Citations to §59A(c)(1)
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(iii) The term “modified taxable income” has the meaning given such term by section 59A(c)(1).
Citations to §59A(c)(3)
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(11) The Secretary shall issue such regulations or guidance as may be necessary or appropriate to carry out the purposes of this subsection, including regulations or guidance to determine which business interest is taken into account under this subsection and section 59A(c)(3).