H.R. 5261 - Protecting the U.S. Corporate Tax Base Act of 2016

The Protecting the U.S. Corporate Tax Base Act of 2016, introduced by Ways and Means Committee Ranking Member Sander Levin (D-MI), would limit two tax loopholes commonly used by foreign-controlled U.S. multinational groups - "hopscotching" and "de-controlling" - like those formed through tax inversions and other foreign acquisitions. This bill is the third in a series aimed at curbing corporate tax loopholes.

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Text of H.R. 5261

Summary of H.R. 5261