TAX CLIENT ALERT: U.S. Senator Levin Unveils New Stop Tax Haven Abuse Act

    View Authors 20 July 2011
    On July 12, 2011, Senator Carl Levin (D-MI) introduced the Stop Tax Haven Abuse Act (S. 1346) (Senate Bill). This is the fifth Congress in which Senator Levin has introduced a comprehensive bill to combat perceived offshore and tax shelter abuses.  Representative Lloyd Doggett (D-TX), joined by multiple co-sponsors, has introduced House companion bills in the past and will likely do so again. President Obama, while a member of the Senate, co-sponsored Senator Levin’s bills in 2005 and 2007.