H.R. 8268, known as the “Stop Corporate Inversions Act of 2024,” aims to change how the U.S. tax code treats certain foreign corporations. It proposes that if a foreign corporation acquires a significant portion of a U.S. company's assets and meets specific conditions, it would be treated as...
Simple Explanation
The bill wants to make sure that if a company from another country buys a big part of an American company and does a lot of business in the U.S., it has to pay U.S. taxes just like an American company, to stop companies from avoiding paying taxes.