Home Scam/Fraud Van Hollen Applauds House Passage of Legislation to Provide Transparency on Corporate...

Van Hollen Applauds House Passage of Legislation to Provide Transparency on Corporate Use of Tax Havens, Offshoring of Jobs

0

June 16, 2021

Today, U.S. Senator Chris Van Hollen (D-Md.) applauded the House passage the Tax Havens and Offshoring Act, within the broader ESG Disclosure Simplification Act. This legislation, introduced by Senator Van Hollen and Rep. Cindy Axne (D-Iowa) will provide investors and the public with transparency on corporations’ use of tax havens and tax incentives to outsource American jobs. The bill requires public corporations to disclose their financial reporting on a country-by-country basis so Americans can see the extent to which they are abusing tax havens or offshoring jobs.

“Americans have a right to know how our broken tax system is rewarding corporations that ship jobs overseas. As we work with President Biden to repair the damage of the 2017 Republican Tax Scam and grow jobs here at home through the American Jobs Plan, I’m glad to see the House pass our legislation to shine a light on the…

Click here for full article: [source_domain