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Short-Term U.S. Tax Haven Abuse Measure Approved for 2015

|Approved Changes|United States
United States

On 11 June 2014, Representatives Rosa DeLauro and Lloyd Doggett proposed legislation that was approved by voice vote to amend the Transportation-Housing and Urban Development Appropriations bill by including a ban on contracts from going to corporations reincorporated in tax havens.

The ban applies only for fiscal year 2015 for companies originally incorporated in the U.S., but later reincorp…