Disclosure of Tax Havens and Offshoring Act
118-S-638118th CongressIntroduced Mar 2, 2023Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-475.
Sponsor
Sen. Van Hollen, Chris [D-MD](D-MD)Sen. Van Hollen, Chris [D-MD](D-MD)11 cosponsors
Summary
Disclosure of Tax Havens and Offshoring Act
This bill requires certain members of a multinational enterprise group that are also 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. (Multinational enterprise groups have two or more entities with different tax jurisdictions.)
Subjects
Administrative law and regulatory proceduresForeign and international corporationsSecuritiesSecurities and Exchange Commission (SEC)Tax administration and collection, taxpayersTaxation of foreign income
Actions (3)
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-475.
Sep 12, 2023Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 2, 2023Senate
Introduced in Senate
Mar 2, 2023Library of Congress