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Posts tagged as “congressional”

Bipartisan Congressional bill to crack down on internal tax havens, shell companies in US

Bipartisan Congressional bill to crack down on internal tax havens, shell companies in US Normally bitterly opposed Democrats and Republicans have joined forces to support bills cracking down on shell companies and internal tax havens such as Delaware, dubbed the “Switzerland of the US.” Two Republicans and two Democrats on the Senate Committee on Banking, Housing, and Urban Affairs joined forces on Tuesday to introduce ILLICIT CASH Act, a clever acronym for “Improving Laundering Laws and Increasing Comprehensive Information Tracking…

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