Granted it will never pass the regressive Republicans or the CorporDems. Still, it is fair and just. Ah, that's not a good thing in today's politics. See this post for the details. The bullet points:
1. Ending the rule allowing American corporations to defer paying
federal income taxes on profits of their offshore subsidiaries. (Section
2 of the bill.)
2. Closing loopholes allowing American corporations to artificially
inflate or accelerate their foreign tax credits. (Section 4 of the
bill.)
3. Preventing American corporations from claiming to be foreign by
using a tax haven post office box as their address. (Section 5 of the
bill.)
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