U.S. Lawmakers Introduce Legislation Intended to Prevent Inversions by Limiting Interest Expense Deductions and Terminating CFC Active Income Deferral
On 5 November 2015, two new bills were introduced into the U.S. House of Representatives that include provisions targeted at preventing corporate inversions. The legislation is currently before the House Committee on Ways and Means.
The Corporate Fair Share Tax Act (H.R. 3934)
H.R. 3934 targets interest deductions related to debt owed to affiliated foreign companies. It would amend Section 1…
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