Public Law 111-147
E793275
Public Law 111-147 is the U.S. federal statute enacted in 2010 that, among other provisions, established the Foreign Account Tax Compliance Act (FATCA) to combat offshore tax evasion.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Public Law 111-147 canonical | 1 |
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
Act of Congress
ⓘ
United States federal statute ⓘ |
| aimsTo | combat offshore tax evasion ⓘ |
| alsoKnownAs | HIRE Act of 2010 NERFINISHED ⓘ |
| amends | Internal Revenue Code of 1986 NERFINISHED ⓘ |
| category |
United States federal labor legislation
ⓘ
United States federal taxation legislation ⓘ |
| componentOf | United States tax law ⓘ |
| congressSession | 111th Congress NERFINISHED ⓘ |
| containsTitle | Foreign Account Tax Compliance Act NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dateSigned | 2010-03-18 ⓘ |
| enactedBy | 111th United States Congress NERFINISHED ⓘ |
| enactedDuring | presidency of Barack Obama ⓘ |
| establishes | Foreign Account Tax Compliance Act NERFINISHED ⓘ |
| hasAcronym | HIRE Act NERFINISHED ⓘ |
| hasComponent |
FATCA information reporting regime
NERFINISHED
ⓘ
FATCA withholding regime ⓘ HIRE Act payroll tax exemption for qualified employees NERFINISHED ⓘ business tax credits for retaining qualified employees ⓘ |
| hasEffectOn |
U.S. employment policy
ⓘ
U.S. taxpayers with foreign financial assets ⓘ foreign financial institutions ⓘ |
| hasShortTitle | Hiring Incentives to Restore Employment Act NERFINISHED ⓘ |
| imposes | withholding obligations on certain U.S. withholding agents ⓘ |
| includesProvision |
exemptions and special rules for certain financial institutions and accounts
ⓘ
information reporting requirements for foreign financial assets ⓘ tax incentives for small businesses to hire unemployed workers ⓘ withholding tax on certain payments to foreign financial institutions ⓘ |
| introducedIn | United States Senate NERFINISHED ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| legalCitation | 124 Stat. 71 ⓘ |
| legislativeBody |
United States House of Representatives
ⓘ
United States Senate ⓘ |
| primaryPurpose |
provide tax incentives for hiring and retaining employees
ⓘ
stimulate employment during the late-2000s recession ⓘ |
| publicLawNumber | 111-147 NERFINISHED ⓘ |
| regulates | reporting of foreign financial accounts by U.S. persons ⓘ |
| signedBy | Barack Obama NERFINISHED ⓘ |
| subjectMatter |
employment incentives
ⓘ
foreign financial account reporting ⓘ infrastructure financing ⓘ taxation ⓘ |
| title | An Act to provide incentives for job creation, and for other purposes ⓘ |
| yearEnacted | 2010 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.