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

the decision makers

Joint Committee on Revenue

Who on committee has co-sponsored:

state senators:

Susan Morangreen check
Susan Moran (D)

chair

Michael Bradygreen check
Michael Brady (D)
Brockton

chair

Rebecca Rauschgreen check
Rebecca Rausch (D)
Needham
Ryan Fattmanred x
Ryan Fattman (R)
Sutton
Lydia Edwardsgreen check
Lydia Edwards (D)
Boston
Michael Mooregreen check
Michael Moore (D)
Millbury

state representatives:

Mark Cusackred x
Mark Cusack (D)
Braintree

chair

David Linskyred x
David Linsky (D)
Natick

chair

Colleen Garryred x
Colleen Garry (D)
Dracut
Francisco Paulinored x
Francisco Paulino (D)
Susannah Whippsred x
Susannah Whipps (I)
Athol
Erika Uyterhoevengreen check
Erika Uyterhoeven
Jeffrey Turcored x
Jeffrey Turco (D)
Christopher Markeyred x
Christopher Markey (D)
Dartmouth
Brandy Fluker-Oakleyred x
Brandy Fluker-Oakley (D)
Michael Soterred x
Michael Soter (R)
Bellingham
David Muradianred x
David Muradian (R)
Grafton

Who has co-sponsored:

History of the bill

2024

May 2023

Joint committee hearing held

Feb 2023

Referred to the Joint Committee on Revenue

Jan 2023

Bill re-filed as H.2708/S.1925

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

Mar 2021

Referred to Joint Committee on Revenue

Mar 2021

Reintroduced as H.2826

Jan 2021

No further action taken

2021

Jul 2020

Referred to the Joint Committee on Revenue

Jul 2020

Bill filed for the first time

2020