Permanent CFC Look-Through Act of 2015

Bill 114 hr 1430, also known as the Permanent CFC Look-Through Act of 2015, is a piece of legislation introduced in the US Congress. The bill aims to make permanent the Controlled Foreign Corporation (CFC) look-through rule, which allows US shareholders of CFCs to treat dividends received from the CFC as if they were paid directly from the CFC to the shareholder.

The CFC look-through rule was originally enacted as part of the American Jobs Creation Act of 2004, but it has been extended multiple times since then. This bill seeks to make the rule permanent, providing certainty to US shareholders of CFCs and promoting investment in foreign markets.

The bill has received bipartisan support, with proponents arguing that making the CFC look-through rule permanent will encourage investment and economic growth. Critics, however, have raised concerns about potential revenue losses and the impact on the US tax base. Overall, the Permanent CFC Look-Through Act of 2015 is an important piece of legislation that aims to provide stability and clarity for US shareholders of CFCs. It will be interesting to see how the bill progresses through Congress and what impact it will have on the US economy.