Sen. Levin Introduces Updated Anti-Tax Haven Bill

US Outbound Newsalert

On July 12, 2011, Sen. Carl Levin (D-MI) introduced the Stop Tax Haven Abuse Act of 2011 (S. 1346), an updated version of the anti-tax haven legislation that he had previously sponsored in 2007 and 2009. Sen. Levin has claimed that the bill would recover $100 billion in lost revenue each year from "offshore tax dodges". The previous versions were never voted on in either chamber of Congress, and this version is not expected to be considered this year.



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