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.

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Label Occurrences
Public Law 111-147 canonical 1

How this entity was disambiguated

Statements (45)

Predicate Object
instanceOf Act of Congress ⓘ
United States federal statute ⓘ
aimsTo combat offshore tax evasion ⓘ
alsoKnownAs HIRE Act of 2010 ⓘ
linked to: HIRE Act
amends Internal Revenue Code of 1986 ⓘ
category United States federal labor legislation ⓘ
United States federal taxation legislation ⓘ
componentOf United States tax law ⓘ
congressSession 111th Congress ⓘ
containsTitle Foreign Account Tax Compliance Act ⓘ
country United States ⓘ
dateSigned 2010-03-18 ⓘ
enactedBy 111th United States Congress ⓘ
enactedDuring presidency of Barack Obama ⓘ
establishes Foreign Account Tax Compliance Act ⓘ
hasAcronym HIRE Act ⓘ
hasComponent FATCA information reporting regime ⓘ
FATCA withholding regime ⓘ
HIRE Act payroll tax exemption for qualified employees ⓘ
linked to: HIRE Act

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 ⓘ
linked to: HIRE Act
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 ⓘ
jurisdiction 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 ⓘ
regulates reporting of foreign financial accounts by U.S. persons ⓘ
signedBy Barack Obama ⓘ
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 ⓘ

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.