Rep. Doggett, Sens. Durbin, Reed Introduce Bill to Stop Tax-Dodging Corporate Inversion Schemes
May 07, 2021
May 07, 2021
WASHINGTON, May 7 -- Rep. Lloyd Doggett, D-Texas, issued the following news release on May 5, 2021:
U.S. Senators Dick Durbin (D-IL) and Jack Reed (D-RI), along with U.S. Representative Lloyd Doggett (D-TX-35), today announced the introduction of a bill 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, while keeping their executives and headquarters . . .
U.S. Senators Dick Durbin (D-IL) and Jack Reed (D-RI), along with U.S. Representative Lloyd Doggett (D-TX-35), today announced the introduction of a bill 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, while keeping their executives and headquarters . . .