Pocan Introduces Legislation to Limit Corporate Tax Inversions

Statement

U.S. Rep. Mark Pocan (WI-02) introduced the Corporate Fair Share Tax Act and the Putting America First Corporate Act to prevent corporations from using "tax inversions" to reduce a company's U.S. tax burden and ensure they cannot avoid taxes by hiding profits overseas.

"It is wrong that Wall Street corporations are using tax loopholes to skirt their responsibilities while small business owners and hard-working Americans play by the rules," said Rep. Mark Pocan. "This legislation will eliminate a major incentive for corporations to leave the United States and ensure that companies pay their taxes on overseas profits immediately. We must stop corporate deserters from abusing the U.S. tax system and force these companies to contribute their fair share."

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