Legislative Update: Anti-inversions bill is introduced - KPMG United States
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Legislative update: Anti-inversion bill is introduced

Anti-inversion bill is introduced in United States

Rep. Sandy Levin (D-MI)—ranking member of the Ways and Means Committee—today introduced anti-inversion legislation.


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The bill—Protecting the U.S. Corporate Tax Base Act of 2016—follows on two previous anti-inversion bills introduced by Rep. Levin, the Stop Corporate Earnings Stripping Act of 2016 and the Stop Corporate Inversions Act of 2015

Today’s bill is targeted at limiting the use of planning techniques often employed in conjunction with corporate inversion transactions—so-called “hopscotching” and “de-controlling.” Read a summary [PDF 605 KB] and text [PDF 47 KB] of the bill.

With the limited congressional legislative schedule for the balance of 2016, action on today’s bill is uncertain.

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