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H.R. 5261 - Protecting the U.S. Corporate Tax Base Act of 2016

May 17, 2016

The Protecting the U.S. Corporate Tax Base Act of 2016, introduced by Ways and Means Committee Ranking Member Sander Levin (D-MI), would limit two tax loopholes commonly used by foreign-controlled U.S. multinational groups - "hopscotching" and "de-controlling" - like those formed through tax inversions and other foreign acquisitions. This bill is the third in a series aimed at curbing corporate tax loopholes.

Additional Resources:

Text of H.R. 5261

Summary of H.R. 5261

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