H.R. 995: No Tax Breaks for Outsourcing Act

H.R. 995 is a federal bill in the 119th Congress. American multinational corporations will face immediate inclusion of certain foreign subsidiary income in current year taxes rather than deferring or avoiding taxes on low-taxed foreign income. Previously, companies could benefit from reduced tax rates on… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.