DUCKWORTH, DURBIN HELP INTRODUCE LEGISLATION TO BRING TRANSPARENCY TO CORPORATE ABUSE OF TAX HAVENS, JOB OFFSHORING

WASHINGTON, July 24 -- Sen. Tammy Duckworth issued the following press release:

[WASHINGTON, D.C.] - U.S. Senator Tammy Duckworth and Senate Democratic Whip Dick Durbin joined U.S. Senator Chris Van Hollen (D-MD) in reintroducing the Disclosure of Tax Havens and Offshoring Act, legislation to provide transparency around corporations' use of tax havens and incentives to jobs. This offshore bill would require public companies to disclose their financial reporting on a country-by-country basis. Ensuring public access to this information would both provide investors the tools they need to understand the tax structures and risks of the businesses in which they invest and give Americans insight into the extent to which the tax system is incentiv...