S 638
Disclosure of Tax Havens and Offshoring Act
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Bill overview
The Disclosure of Tax Havens and Offshoring Act requires large multinational corporations to publicly report detailed financial information on a country-by-country basis. This includes disclosing revenue, profits, taxes paid, and employee numbers for each jurisdiction where the company operates. The goal is to increase transparency regarding where these companies conduct business and how they manage their tax obligations, aligning with international reporting standards.
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