You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.


Sanders pushes bill to block corporate tax havens

Continue reading below

US Senator Bernie Sanders of Vermont is pushing legislation to stop corporations from sheltering income in the Cayman Islands and other tax havens. The legislation also would end tax breaks for companies that ship jobs and factories overseas. Sanders says studies by the Joint Committee on Taxation have shown that his bill — or companion legislation originating in the House — would generate more than $590 billion in revenue to the government during the next decade. US corporations are allowed to defer or delay income taxes on overseas profits until the money is brought back into the United States. The Corporate Tax Fairness Act would require US companies to pay taxes on all of their income by ending the deferral of foreign source income.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of