Sen. Max Baucus, D-Mont., and Ways and Means Committee Chairman Charles Rangel, D-N.Y., have filed new legislation to crack down on offshore tax evasion, and unlike an earlier bill, their version won’t include a so-called blacklist of countries that are considered tax havens.

Sen. Carl Levin, D-Mich., and Rep. Lloyd Doggett, D-Texas, had filed the Stop Tax Haven Abuse Act, which would have created a list of foreign tax havens and given the U.S. Treasury Department new tools to impose sanctions on them. That bill set off a lobbying push by countries that didn’t want to be included in the legislation. The National Law Journal wrote about the issue in June.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]