U.S. Senator Bernie Sanders (I-VT) has issued a release announcing the introduction of the Corporate Tax Dodging Prevention Act. The measures include the following as explained in a section-by-section summary of the Act.
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THE CORPORATE TAX DODGING PREVENTION ACT OF 2024
The Corporate Tax Dodging Prevention Act would stop corporations from sheltering profits in tax havens like the Cayman Islands and Luxembourg and would stop rewarding companies that ship jobs and factories overseas w…