H. R. 5933, Disclosure of Tax Havens and Offshoring Act.

Summary: This bill requires certain issuers of securities to annually disclose information related to the tax jurisdiction, income, and assets of their constituent entities on a country-by-country basis. (Cosponsors)

ANGIE CRAIG’S POSITION:  Representative Craig Cosponsored the bill on 07/21/20.

STATUS: Introduced 02/20/20 by Rep. Axne, Cynthia [D-IA-3].

INFORMATION RELATED TO THE BILL:

  • Iowa’s small businesses shouldn’t be put at a disadvantage to large multinational corporations. Nor should big pharmaceutical companies be able to overcharge Americans for prescription drugs and then avoid paying taxes by shifting those profits to tax havens,” said Rep. Axne. “Shining a light on these practices will help investors and the public understand the risks that public corporations are taking to try and squeeze out extra profits.” (Source: Rep. Axne, Press Release, 02/21/20)

ADDITIONAL DETAIL: 

Link to the text of the bill.

Link to bill information (support and opposition) on Countable.

Link to bill information on GovTrack.

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