Congressman Lloyd Doggett and Congresswoman Rosa DeLauro today introduced the
Sequester Delay and Stop Tax Haven Abuse Act, a bill that would end sequestration
and curb corporate use of offshore tax havens. The legislation also requires country-by-
country reporting of corporate tax payments to both developed and developing nations.
This reporting is critical to curb corporate tax avoidance, a systemic cause of poverty.
“Congressman Doggett and Congresswoman DeLauro have introduced legislation
that will benefit millions of people," said Eric LeCompte, Executive Director of
Jubilee USA Network, a faith-based antipoverty organization. "When corporations
don't pay their taxes, it's always the poorest people who are hurt the most.”
Many multinational corporations avoid paying taxes by hiding their corporate income
in offshore tax havens, affecting countries in every corner of the globe. By avoiding tax