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Draft Bills Introduced in U.S. Congress to Stop Corporate Inversions

07 May 2021

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Proposed Changes

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United States

U.S. Senator Dick Durbin (D-IL) has issued a release announcing the introduction of a draft bill in the Senate along with a House companion version that is meant to stop corporate inversions. Similar bills have been introduced in the past. --- Durbin, Reed, Doggett Introduce Bill To Stop Tax-Dodging Corporate Inversion Schemes WASHINGTON – U.S. Senators Dick Durbin (D-IL) and Jack Reed (D-RI), along with U.S. Representative Lloyd Doggett (D-TX-35) today announced the introduction of a bill to stop business practices known as inversions – corporate deals that allow U.S. companies to shift their corporate citizenship from the United States...