Video & Transcript : 'foreign dividends' :

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TX

Texas 89th Regular

Higher Education Apr 29th, 2025

Higher Education

Transcript Highlights:
  • Regrettably, this is just one... example of many where a student or professor from a foreign country
  • Sign a statement, and then they swear that they're not an agent of a foreign entity.
  • Foreign nation means all the countries, or somebody's maintaining the list? Is that an active list?
  • It is any foreign country.
  • And then the statement, the foreign agent, which there's several definitions of foreign agent state-wise
AZ

Arizona 2026 Regular Session

02/18/2026 - House International Trade

International Trade

Transcript Highlights:
  • take the time to actually know and test to ensure safety instead of just turning an eye and letting foreign
  • unsafe, impure materials get packaged. ...and letting foreign, unsafe, impure materials get packaged
  • using bulk drug substances, think chemical powders, these active ingredients are typically made in foreign
  • We have tested samples of the foreign-produced API and the compounded drugs made with them, and we've
Bills: HB2746 , HB2750 , HB2765 , HB4036
AL

Alabama 2025 Regular Session

Alabama House Constitution, Campaigns and Elections Committee Apr 30th, 2025

Constitution, Campaigns and Elections

Transcript Highlights:
  • There's training, but the problem that happened was people who brought someone this ID that said foreign
  • So, the poll workers see this and say, "I can't let a foreign national vote because you have to be a
  • They just wanted to say you can't use your foreign national ID. You have to be a citizen to vote.
  • The statute said Alabama driver's license, not foreign national. Right?
  • The problem is it codifies poll workers to say you cannot use it for a foreign national card.
Bills: SB142 , SB158
CA
Transcript Highlights:
  • And certain foreign dividends.
  • You know, you have foreign dividends that are taxed in the United States.
  • You know, you have foreign dividends that are taxed in the United States.
  • In some cases, there might be foreign secrets, foreign trade secrets, things like that.
  • Last but not least, you're agreeing that any dividends that are paid by these foreign entities are automatically
Summary: The joint informational hearing examined California’s taxation of multinational corporations, especially the state’s water’s-edge election versus worldwide combined reporting. The LAO and Franchise Tax Board explained the basic mechanics of unitary taxation, apportionment, and how water’s-edge generally excludes most foreign subsidiaries while worldwide reporting includes the full unitary group. FTB officials said water’s-edge filers are a small share of corporate filers but account for a large share of tax liability, and they described filing trends, industry mix, and the administrative steps needed to administer either system. Members and witnesses debated the policy trade-offs. Supporters of moving away from water’s-edge argued that it enables profit shifting, especially for large multinational and IP-heavy firms, and that eliminating it could raise significant revenue and improve fairness for smaller domestic businesses. They cited estimates of billions in potential revenue and said California already has the audit and reporting infrastructure to handle worldwide reporting, though some transition time would be needed. Opponents argued that worldwide reporting would tax foreign activity unrelated to California, create double taxation, increase compliance burdens and litigation, and could be difficult for foreign-based multinationals to document. They also warned that some of the revenue estimates are highly uncertain because foreign affiliate income is not directly observable. Committee members asked about foreign government pushback, the risk of companies leaving California, the effect on intellectual property shifting, and whether federal or Supreme Court action could block a change. Witnesses generally said major firms would be unlikely to leave because California taxes sales rather than physical presence, but some costs could be passed on to consumers. The panel also discussed alternatives such as conforming to federal international tax rules like NCTI/GILTI and adding anti-abuse rules. No vote or bill action was taken; the hearing was informational only.
CA
Transcript Highlights:
  • And certain foreign dividends. And those were included.
  • You know, you have foreign dividends that are taxed in the United States.
  • You know, you have foreign dividends that are taxed in the United States.
  • Last but not least, you're agreeing that any dividends that are paid by these foreign entities are automatically
  • Any foreign operations.
Summary: The joint informational hearing examined California’s taxation of multinational corporations, especially the Water’s Edge election versus worldwide combined reporting. Chairs opened by framing the issue as a review of whether current rules fairly and sufficiently tax foreign subsidiary income, given profit shifting concerns, budget pressures, and the long history since Water’s Edge was adopted in the 1980s. The first panel from the Legislative Analyst’s Office and Franchise Tax Board explained the mechanics of unitary taxation, apportionment, and the Water’s Edge election, and provided filing data showing Water’s Edge filers are a small share of returns but account for a large share of corporate tax liability. FTB witnesses said the agency already administers both methods and could handle a shift to mandatory worldwide reporting with education and outreach, though revenue estimates are difficult because foreign affiliate information is not directly available. Committee members asked about foreign government pushback, administrative burden, industries with more profit shifting, revenue uncertainty, and whether companies would leave California. LAO and FTB witnesses said pushback from foreign governments was plausible, but they did not expect major business flight because California’s tax is largely based on sales rather than physical presence. They also said worldwide reporting could reduce profit shifting but might increase revenue volatility and litigation risk. A second panel of academic and tax policy witnesses argued that Water’s Edge is a loophole that rewards aggressive tax planning, that worldwide combined reporting would better capture income tied to California, and that modern federal and international rules such as NCTI/GILTI, CAMT, and Pillar Two reduce compliance concerns and make a return to worldwide reporting more feasible. They also said California’s current system can create selection effects and may under-tax large multinationals. In the next panel, a California Budget and Policy Center witness urged eliminating the Water’s Edge election, calling it a costly loophole that benefits large global corporations over smaller domestic businesses and deprives the state of billions in revenue that could support health care and other services. A Silicon Valley Leadership Group witness gave historical context for why Water’s Edge was adopted and began outlining concerns about compliance, double taxation, and the risk of overreaching beyond income truly connected to California. No bill was voted on or advanced; the hearing was informational only, with members using the testimony to weigh the policy trade-offs and possible transition periods if the Legislature were to change the current rules.
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 02/18/26

Taxes

Transcript Highlights:
  • </c> changes to foreign source income. changes to foreign source income.
  • </c> dividends received deduction. dividends received deduction.
  • So, um, foreign tax credit.
  • And then there's some that tax it as a dividend, meaning they might have different dividend rates than
  • </c> ways and then some don't tax foreign ways and then some don't tax foreign source<00:35:29.839><c
Committee: Senate Taxes
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 2/25/26

Taxes

Transcript Highlights:
  • </c> Minnesota and they're taxed as dividends Minnesota and they're taxed as dividends in<00:29:45.840
  • </c> the tax year that certain foreign the tax year that certain foreign corporations<00:32:22.080><c
  • </c> used to allow certain foreign used to allow certain foreign corporations<00:32:27.279><c> to</c>
  • </c> uh rents for purposes of the dividend uh rents for purposes of the dividend pay<00:38:02.880><c>
  • </c> uh take a deduction for the dividends uh take a deduction for the dividends that<00:42:35.680><c
Bills: HR1 , HF387
Committee: House Taxes
LA

Louisiana 2026 Regular Session

Education Apr 8th, 2026

Education

Transcript Highlights:
  • and foreign terrorist organizations.
  • adversary, an agent of a foreign adversary, a foreign terrorist organization, or an agent of a foreign
  • Foreign adversary, an agent of a foreign adversary, a foreign terrorist organization, or an agent of
  • a foreign terrorist organization.
  • For the definitions of foreign adversary and foreign terrorist organization, we are referring to federal
Bills: HB113 , HB342 , HB632 , HB690 , HB1003 , HB1078 , HB1132 , HB1146
Committee: House Education
TX

Texas 89th Regular

Higher Education May 13th, 2025

Higher Education

Transcript Highlights:
  • Senate Bill 2431 by Senator Campbell is going to address the demand for foreign languages. ...is at an
  • In fact, research suggests that demand for foreign language skills in the healthcare and social services
  • Foreign language proficiency is one more tool in that toolbox.
  • This would be a way for students who do learn a foreign language on a study abroad program to encourage
  • This is just another way that we can ensure that students have opportunities to get foreign language
AL

Alabama 2025 Regular Session

Alabama House Constitution, Campaigns and Elections Committee Apr 9th, 2025

Constitution, Campaigns and Elections

Transcript Highlights:
  • Somebody goes to work at UAB, but they are a foreign citizen.
  • So, they get a foreign national driver's license.
  • On the foreign national driver's license, it has a foreign national... license, it has a foreign national
  • And once they do, that foreign national driver's license... that foreign national driver's license is
  • I think your question was the amount of foreign nationals voting in... amount of foreign nationals voting
Bills: HB479 , HB480
AZ

Arizona 2026 Regular Session

03/24/2026 - Senate Appropriations, Transportation and Technology

Appropriations, Transportation and Technology

Transcript Highlights:
  • Furthermore, they actually have a full foreign adversaries list they go off of.
  • Because truly, Iran is not making a lot of products that we're implementing into our foreign infrastructure
  • To introduce myself, I run the China program at the Jamestown Foundation, a foreign policy think tank
  • China's Ministry of State Security constantly warns its citizens of the technical dangers of foreign-made
AZ

Arizona 2026 Regular Session

03/16/2026 - House Land, Agriculture & Rural Affairs

Land, Agriculture & Rural Affairs

Transcript Highlights:
  • Chair and members, Senate Bill 1075 establishes the Foreign Entity Review Commission and outlines commission
  • prohibits the conveyance of land, as well as the sale, lease, or sublease of state land to a hostile foreign
  • one does is, just like it was explained, it forms a commission to be able to determine whether a foreign
  • It prohibits the conveyance of land to a hostile foreign entity, and they're able to decide whether it
Bills: SB1075 , SB1144 , SB1280
AZ

Arizona 2026 Regular Session

01/21/2026 - Senate Judiciary and Elections

Judiciary and Elections

Transcript Highlights:
  • Candidates likewise are prohibited from accepting foreign contributions.
  • Candidates likewise are prohibited from accepting foreign contributions.
  • So it's already illegal for candidates to accept contributions from foreign nationals and foreign organizations
  • It's not. ...from foreign nationals and foreign organizations.
  • Banning foreign influence in our state politics shouldn't be a red or a blue issue.
CA
Transcript Highlights:
  • back to the members of the credit unions in the form of better interest rates, higher yields, and dividends
  • go back to the members of the credit unions in terms of better interest rates, higher yields, and dividends
  • is why placing burdensome reporting requirements on credit unions, ...rates, higher yields, and dividends
  • This industry includes hedge funds, private equity firms, and foreign sovereign wealth funds, some controlled
  • Ponzi schemes, frivolous patent litigation abuses, and attempts to avoid state-sponsored sanctions by foreign
Summary: The Assembly Banking and Finance Committee met to hear several bills, beginning with a consent calendar that included AB 665 and AB 866, both adopted on a do pass basis and referred to Appropriations. The committee then took up AB 801, which would create a California Community Reinvestment Act to require covered financial institutions, including state-chartered banks, credit unions, residential mortgage lenders, and money transmitters, to meet the financial needs of low- and moderate-income communities and communities of color. The author and supporters argued the bill would close gaps left by the federal CRA, address redlining and discriminatory lending, and expand investment in housing, small business, and community development. Support came from community groups, CDFIs, labor, and housing advocates, while opposition from mortgage bankers and credit unions argued the bill would impose costly new reporting and regulatory burdens, especially on institutions they said already serve underserved borrowers well. Committee members discussed the scope of the bill, the experience of other states with state CRA laws, and possible carve-outs or tiered treatment for smaller credit unions. AB 801 was passed as amended and referred to Appropriations, with the roll left open and later completed; one member voted no and others were not voting or voted aye as the roll was finalized. The committee also heard AB 743, which would require licensing and surety bonds for commercial lawsuit financing and bring those transactions under DFPI oversight. The author said the bill was aimed at a largely unregulated, multi-billion-dollar industry and was intended to increase transparency and address concerns about foreign interests, fraud, and abusive litigation funding practices, while not affecting consumer legal funding. Supporters, including Unified Patents, the Civil Justice Association of California, the California Chamber of Commerce, the California Trucking Association, and the American Property Casualty Insurance Association, said the bill was an important first step toward disclosure and regulation. There was no opposition testimony. AB 743 passed unanimously as amended and was referred to Appropriations, with the roll held open briefly for absent members before the committee adjourned.
TX

Texas 89th Regular

State Affairs Apr 28th, 2025

State Affairs

Transcript Highlights:
  • Office of the Attorney General will receive notification from the Texas Committee on Foreign Investment
  • of certain higher-risk foreign transactions.
  • You know, there's lots of foreign investment in housing.
  • The United States has historically been very open to foreign investment.
  • Because we do deal with quite a bit of foreign investment issues in our company. Thanks.
Committee: House State Affairs
TX

Texas 89th Regular

State Affairs Apr 28th, 2025

State Affairs

Transcript Highlights:
  • We are dealing with other foreign entities as well, Russia in particular.
  • Certainly, there are concerns brought by foreign governments.
  • I'm a U.S. citizen, but for 15 of those 20 years, I was a foreigner.
  • Foreign countries do not have our best interest at heart.
  • This bill attempts to prevent foreign governments and foreign individuals from owning agricultural land
Committee: House State Affairs