To amend the Internal Revenue Code of 1986 to provide that certain payments to foreign related parties subject to sufficient foreign tax are not treated as base erosion payments.

This bill appears to concern changes to tax rules about payments made to foreign companies that are related to the paying company. It would exempt certain of these payments from being treated as "base erosion payments" if those foreign companies pay enough taxes in their own countries. No official summary is available for this bill.

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