SENATE 638118th CongressCommittee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-475.
Disclosure of Tax Havens and Offshoring Act
- Last Action
- 9/12/2023
Actions
- 2023-09-12Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-475.
- 2023-03-02Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2023-03-02Introduced in Senate
CRS Summary
As of 2023-03-02 (00)
Disclosure of Tax Havens and Offshoring Act
This bill requires certain members of a multinational enterprise group that are also issuers of securities to annually disclose information related to the tax jurisdiction, income, and assets of their constituent entities on a country-by-country basis. (Multinational enterprise groups have two or more entities with different tax jurisdictions.)
Cosponsors (11)
- Richard Durbin (D-IL)
- Bernard Sanders (I-VT)
- Sheldon Whitehouse (D-RI)
- Tina Smith (D-MN)
- Amy Klobuchar (D-MN)
- Bob Casey (D-PA)
- Richard Blumenthal (D-CT)
- Tammy Baldwin (D-WI)
- Tammy Duckworth (D-IL)
- Elizabeth Warren (D-MA)
- Peter Welch (D-VT)
Subjects
- Administrative law and regulatory procedures
- Foreign and international corporations
- Securities
- Securities and Exchange Commission (SEC)
- Tax administration and collection, taxpayers
- Taxation of foreign income
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.