A bill amend the Internal Revenue Code of 1954 to equalize the tax treatment of domestic and foreign investors.

Amends the Internal Revenue Code to replace the current 30 percent tax on the capital gains of certain nonresident alien individuals with a tax on the net capital gains of all nonresident alien individuals which is the same as the alternative tax on the net capital gains of individuals who are United States citizens.

Imposes a 30 percent tax on the net capital gains received from sources within the United States by a foreign corporation not connected with United States business.