Stop Corporate Offshoring
Close Corporate Loopholes and Create Progressive Revenue Act: Tackling the Corporate Tax Evasion Crisis - H.2826 - S.1851
Closes a widely abused tax loophole that enables corporate profit offshoring and tax evasion
Raises as much as $400 million in revenue by taxing Global Intangible Low-Taxed Income (“GILTI”)
Applies only to large, multinational corporations that misleadingly claim that profits are earned in offshore tax shelters
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the decision makers
Joint Committee on Revenue
Who on committee has co-sponsored:
state senators:
Adam Hinds (D)
Pittsfield
chair
Brendan Crighton (D)
Lynn
chair
Nick Collins (D)
Boston
Rebecca Rausch (D)
Needham
Walter Timilty (D)
Milton
Ryan Fattman (R)
Sutton
state representatives:
Mark Cusack (D)
Braintree
chair
David Linsky (D)
Natick
chair
Colleen Garry (D)
Dracut
Gerard Cassidy (D)
Brockton
Mindy Domb (D)
Amherst
Susannah Whipps (I)
Athol
Christopher Markey (D)
Dartmouth
Rob Consalvo (D)
Erika Uyterhoeven
Michael Soter (R)
Bellingham
Joseph McKenna (R)
Webster
Who has co-sponsored:
History of the bill
2023
Jan 2022
Extended
2022
Mar 2021
Referred to Joint Committee on Revenue
Mar 2021
Reintroduced as H.2826
Jan 2021
No further action taken
2021
Jul 2020
Referred to the Joint Committee on Revenue
Jul 2020
Bill filed for the first time
2020