No Tax Breaks for Outsourcing Act and the Stop Tax Haven Abuse Act Introduced in U.S. Congress
On 13 March 2019, Senator Sheldon Whitehouse (D-RI) announced the introduction of No Tax Breaks for Outsourcing Act and the Stop Tax Haven Abuse Act with Representative Lloyd Doggett (D-TX). The measures of the bills are summarized as follows as part of the announcement:
The No Tax Breaks for Outsourcing Act would repeal the Trump Tax offshoring incentives by:
- Taxing income from overseas subs…