On 29 March 2016, tax haven legislation (Bill SF 3318) was introduced in the senate of the U.S. State of Minnesota. The bill expands the definition of domestic corporations for tax purposes to include certain foreign corporations incorporated in tax havens. The legislation lists 45 jurisdictions to be considered tax havens. It also provides that a listed jurisdiction would cease to be considered a tax haven in the first taxable year after: The jurisdiction enters into a tax treaty or other agreement providing for the automatic exchange of information with the U.S.;  and The jurisdiction imposes a tax rate of at...