Stop Tax Haven Abuse Act Reintroduced in U.S. Congress

The Stop Tax Haven Abuse Act has been reintroduced by Representative Lloyd Doggett and Senator Sheldon Whitehouse. The bill includes several measure aimed at countering offshore tax evasion, which include:

Measures to Deter the Use of Tax Havens for Tax Evasion

• Authorizing special measures (sanctions) against foreign jurisdictions, financial institutions, and others that significantly impeded U.S. tax enforcement
• Strengthening the Foreign Account Tax Compliance Act of 2010 (FATCA), includ…