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U.S. Senators Call for Public CbC Reporting in Disclosure of Tax Havens and Offshoring Act

06 March 2023

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Proposed Changes

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United States

U.S. Senator Chris Van Hollen (D-MD) has announced the (re)introduction of the Disclosure of Tax Havens and Offshoring Act. A version of the legislation was first introduced in 2019, including requirements for companies to publicly disclose basic information on their subsidiaries, as well as country-by-country financial information (i.e., public CbC reporting). --- VAN HOLLEN LEADS PUSH TO EXPOSE CORPORATE ABUSE OF TAX HAVENS, JOB OUTSOURCING INCENTIVES Legislation sends strong signal ahead of upcoming Financial Accounting Standards Board rule-making Today, U.S. Senator Chris Van Hollen (D-Md.) led 10 of his colleagues in introducing the Disclosure of Tax Havens and Offshoring Act,...