Stop Corporate Offshoring
Close Corporate Loopholes and Create Progressive Revenue Act: Tackling the Corporate Tax Evasion Crisis - H.2708 - S.1925
Closes a widely abused tax loophole that enables corporate profit offshoring and tax evasion
Raises as much as $400 million in revenue by taxing Global Intangible Low-Taxed Income (“GILTI”)
Applies only to large, multinational corporations that misleadingly claim that profits are earned in offshore tax shelters
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the decision makers
Joint Committee on Revenue
Who on committee has co-sponsored:
state senators:
Susan Moran (D)
chair
Michael Brady (D)
Brockton
chair
Rebecca Rausch (D)
Needham
Ryan Fattman (R)
Sutton
Lydia Edwards (D)
Boston
Michael Moore (D)
Millbury
state representatives:
Mark Cusack (D)
Braintree
chair
David Linsky (D)
Natick
chair
Colleen Garry (D)
Dracut
Francisco Paulino (D)
Susannah Whipps (I)
Athol
Erika Uyterhoeven
Jeffrey Turco (D)
Christopher Markey (D)
Dartmouth
Brandy Fluker-Oakley (D)
Michael Soter (R)
Bellingham
David Muradian (R)
Grafton
Who has co-sponsored:
History of the bill
2024
Jan 2023
Bill re-filed as H.2708/S.1925
May 2023
Joint committee hearing held
Feb 2023
Referred to the Joint Committee on Revenue
2023
Oct 2022
Sent to Study (Study Order: H.5279)
May 2022
Reporting date extended to July 31st, 2022
Apr 2022
Rules suspended; bill recommitted to the Joint Committee on Revenue
Apr 2022
Committee recommended the bill ought NOT to pass under Joint Rule 10
2022
Dec 2021
Hearing held by Joint Revenue Committee
Jan 2021
No further action taken
Mar 2021
Referred to Joint Committee on Revenue
Mar 2021
Reintroduced as H.2826
2021
Jul 2020
Referred to the Joint Committee on Revenue
Jul 2020
Bill filed for the first time
2020