National

New Legislation Introduced to Close Offshore Tax Loopholes

Washington, D.C.-(ENEWSPF)- Statement of U.S. PIRG Tax and Budget Advocate Dan Smith on the introduction of the Stop Tax Haven Abuse Act by Congressman Lloyd Doggett (D-TX) and 45 original cosponsors, including Congressman Chris Van Hollen, the ranking member of the House Budget Committee. Among other provisions, this legislation would close a number of loopholes that let corporations and wealthy individuals shift income to offshore tax havens to avoid paying taxes.

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