Legislation Introduced in the U.S. House of Representative Targeting Tax Havens and Jobs Outsourcing

U.S. Representative Jerry McNerney (D-CA) has submitted two bills that are meant to protect U.S. jobs; the Stop Outsourcing and Create American Jobs Act of 2017 ( H.R.3217) and the Outsourcing Accountability Act of 2017 ( H.R.3216).

The Stop Outsourcing and Create American Jobs Act provides for:

• The creation of a tax haven list by the U.S. Treasury based on certain criteria, including the tax rate in the country, the effective exchange of information, requirements for substantial economic a…