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Liability of common parent

In the case of a foreign person who is a member of any domestically controlled group of entities, the common parent of such group shall be jointly and severally liable for any tax under this chapter for which such foreign person is liable by reason of this subsection, and for any penalty imposed on such person by this title with respect to any failure to pay such tax or to file any return or statement with respect to such tax or wages subject to such tax. No deduction shall be allowed under this title for any liability imposed by the preceding sentence.

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statutes/26/3121/z.yaml

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Rules

controlled_group_ownership_percentage_threshold

Parameter

source: 26 USC 3121(z)(2)(B)(i)

- name: controlled_group_ownership_percentage_threshold
  kind: parameter
  dtype: Rate
  period: Year
  source: 26 USC 3121(z)(2)(B)(i)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: “more than 50 percent” shall be substituted for “at least 80 percent”
  versions:
    - effective_from: '1990-01-01'
      formula: '0.50'

paragraph_1_inapplicable_for_subsection_l_agreement_services

Derived

source: 26 USC 3121(z)(4)(A)

- name: paragraph_1_inapplicable_for_subsection_l_agreement_services
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 26 USC 3121(z)(4)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              Paragraph (1) shall not apply to any services which are covered by an agreement under
              subsection (l).
  versions:
    - effective_from: '1990-01-01'
      formula: services_are_covered_by_agreement_under_subsection_l

paragraph_1_inapplicable_for_equivalent_foreign_taxation

Derived

source: 26 USC 3121(z)(4)(B)

- name: paragraph_1_inapplicable_for_equivalent_foreign_taxation
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Year
  source: 26 USC 3121(z)(4)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              remuneration paid by such employer for such services is subject to a tax imposed by a
              foreign country which is substantially equivalent
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: if the employer establishes to the satisfaction of the Secretary
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        employer_establishes_to_satisfaction_of_secretary
        and remuneration_for_services_subject_to_substantially_equivalent_foreign_country_tax

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us/statute/26/3121/z/3 — Liability of common parent · Axiom

Liability of common parent

Official source

in view

Whole section

▸rulespec code

Shown source

statutes/26/3121/z.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/26/3121/z; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

controlled_group_ownership_percentage_threshold

Parameter

source: 26 USC 3121(z)(2)(B)(i)

- name: controlled_group_ownership_percentage_threshold
  kind: parameter
  dtype: Rate
  period: Year
  source: 26 USC 3121(z)(2)(B)(i)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: “more than 50 percent” shall be substituted for “at least 80 percent”
  versions:
    - effective_from: '1990-01-01'
      formula: '0.50'

paragraph_1_inapplicable_for_subsection_l_agreement_services

Derived

source: 26 USC 3121(z)(4)(A)

- name: paragraph_1_inapplicable_for_subsection_l_agreement_services
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 26 USC 3121(z)(4)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              Paragraph (1) shall not apply to any services which are covered by an agreement under
              subsection (l).
  versions:
    - effective_from: '1990-01-01'
      formula: services_are_covered_by_agreement_under_subsection_l

paragraph_1_inapplicable_for_equivalent_foreign_taxation

Derived

source: 26 USC 3121(z)(4)(B)

- name: paragraph_1_inapplicable_for_equivalent_foreign_taxation
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Year
  source: 26 USC 3121(z)(4)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              remuneration paid by such employer for such services is subject to a tax imposed by a
              foreign country which is substantially equivalent
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: if the employer establishes to the satisfaction of the Secretary
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        employer_establishes_to_satisfaction_of_secretary
        and remuneration_for_services_subject_to_substantially_equivalent_foreign_country_tax