I think this is an important provision to restore tax fairness, by recognizing that if you have a shell corporation abroad, and it's really a United States company, that just having a paper certificate and a sunny tax haven, is not enough to make you foreign.
Doggett advocates for treating certain foreign corporations as domestic for tax purposes.
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Mr. Chair, I thank the gentleman, and I know he shares my concern about this. I am eager to work with him on it. I appreciate his comments and will be delighted to work with him. Sometimes this offer to work ends and begins at once. So…
I represent the heart of a congressional district, once represented by Lyndon Johnson. Under very different circumstances, he made the painful decision to withdraw. President Biden should do the same.
Indeed, the 55 large, profitable corporations--55 large corporations paid no tax whatsoever in 2018.
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