author_orbitax
Orbitax

Share This Article

Draft Bill Introduced in U.S. Congress to Prevent Inverted Companies from Benefiting from the CARES Act

29 June 2020

|

Proposed Changes

|

United States

U.S. Senator Dick Durbin (D-IL) has issued a release announcing the introduction of a draft bill with U.S. Representative Lloyd Doggett (D-TX) that is meant to prevent inverted companies from benefiting from federal COVID-19 financial assistance under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. --- Durbin, Doggett Introduce Bill To Prevent Tax Dodging Corporation From Receiving COVID-19 Relief WASHINGTON – U.S. Senator Dick Durbin (D-IL) and U.S. Representative Lloyd Doggett (D-TX-35) today introduced the American Assistance for American Companies Act¸ a bill to ensure that inverted corporations cannot benefit from federal COVID-19 financial assistance under the Coronavirus Aid,...