Durbin, Reed Introduce Bills to Stop Corporate Inversions, Put Money Back Into Pockets of Working-Class Families
July 17, 2019
July 17, 2019
WASHINGTON, July 17 -- Sen. Jack Reed, D-Rhode Island, issued the following news release:
U.S. Senators Dick Durbin (D-IL) and Jack Reed (D-RI) today introduced two pieces of legislation that aim to stop business practices known as inversions - corporate deals that allow U.S. companies to shift their corporate citizenship from the United States to a low-tax foreign jurisdiction, even while keeping their executives and headquarters in the United States. This is accomplished by mergin . . .
U.S. Senators Dick Durbin (D-IL) and Jack Reed (D-RI) today introduced two pieces of legislation that aim to stop business practices known as inversions - corporate deals that allow U.S. companies to shift their corporate citizenship from the United States to a low-tax foreign jurisdiction, even while keeping their executives and headquarters in the United States. This is accomplished by mergin . . .