Tax Rule Changes: Stopping Corporate Tax Avoidance
This bill aims to make it harder for large companies to avoid paying taxes in the United States by moving their headquarters abroad. If a company relocates but is still primarily managed from the U.S. or its majority ownership remains with U.S. shareholders, it will be treated as a domestic company for tax purposes. This could mean more government revenue for public services, indirectly benefiting citizens' daily lives.
Key points
Companies moving headquarters abroad but still primarily managed from the U.S. will be taxed as domestic corporations.
The bill seeks to prevent large corporations from avoiding taxes, potentially increasing government revenue.
New rules apply to companies that acquired U.S. entities after May 8, 2014.
Expired
Citizen Poll