Axne bill on corporate profit shifting clears U.S. House panel

Iowa Congresswoman Cindy Axne is sponsoring a bill designed to force big corporations to disclose how many jobs they outsource to other countries and if they’re using so-called tax havens in other countries to avoid paying U.S. taxes. “In 2017, US corporations booked $32 billion of profits in Bermuda despite having 547 employees there. That’s […]