On 5 November 2015, two new bills were introduced into the U.S. House of Representatives that include provisions targeted at preventing corporate inversions. The legislation is currently before the House Committee on Ways and Means. The Corporate Fair Share Tax Act (H.R. 3934) H.R. 3934 targets interest deductions related to debt owed to affiliated foreign companies. It would amend Section 163 of the Internal Revenue Code to include provisions to limit the interest deduction for excessive interest of members of financial reporting groups for tax years beginning after 31 December 2015. Under the provisions of the bill, no deduction will...