星空无限传媒

漏 2025 星空无限传媒
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Ohio Sen. Sherrod Brown Proposes Legislation Aimed at Corporate Tax Dodging

Ideastream Public Media | By Michael Bratton
Published March 8, 2016 at 5:21 PM EST
In his "Pay What You Owe Before You Go" bill, Brown says corporations won't be able to relocate overseas until all their tax debts are settled.
WKSU
In his "Pay What You Owe Before You Go" bill, Brown says corporations won't be able to relocate overseas until all their tax debts are settled.
In his "Pay What You Owe Before You Go" bill, Brown says corporations won't be able to relocate overseas until all their tax debts are settled.
Credit WKSU
/
WKSU
In his "Pay What You Owe Before You Go" bill, Brown says corporations won't be able to relocate overseas until all their tax debts are settled.

Ohio U.S.is introducing new legislation aimed at requiring businesses to pay on their deferred taxes before moving their headquarters overseas.

Brown says many corporations shift ownership and fund their U.S. operations with loans from foreign subsidiaries, thereby avoiding tax obligations.

In his Pay What You Owe Before You Go bill, Brown says corporations won鈥檛 be able to dodge their tax obligations.

鈥淭his measure will require corporations to pay their full U.S. tax bill before they leave the country--preventing them from sticking the rest of us with their tab," Brown said. "Everyone knows before you leave a restaurant you settle your bill. Corporations shouldn鈥檛 get to play by different rules.鈥�

Brown says his bill will specifically look to fix the legal 鈥渓oopholes鈥� that companies are using to avoid paying what they owe.

Copyright 2021 WKSU. To see more, visit .

WKSU Stories
Michael Bratton
Michael Bratton is a second-year student in Kent State's graduate program for public relations.
See stories by Michael Bratton