The Hill: Dem senators want exit tax for inversions

News

The Hill: Dem senators want exit tax for inversions

Two top Democratic senators want companies seeking to shift their legal address abroad to pay an exit tax as they go.

Senate Majority Whip Dick Durbin (D-Ill.) and Sen. Sherrod Brown (D-Ohio) have introduced a bill that would force companies seeking to reincorporate abroad to first pay taxes on cash stashed offshore.

Read the full article »