Sen. Bernie Sanders introduced the Corporate Tax Dodging Prevention Act to target tax avoidance strategies like offshore havens and manipulation of the corporate tax rate. The bill aims to prevent corporations from evading taxes and would generate $2.3 trillion for the federal government in the next decade.
The proposed legislation includes measures to ensure companies pay the same tax rate on income in offshore accounts as on domestic income, repeal Trump-era tax breaks encouraging shifting assets abroad, and restore the pre-2017 corporate tax rate of 35 percent.
#corporate-tax-dodging-prevention-act #tax-revenue-increase #corporate-tax-reform #offshore-tax-havens #tax-policy
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