H.R. 7933, titled the “Corporate Tax Dodging Prevention Act,” aims to amend the Internal Revenue Code to ensure fair taxation for foreign corporations and enhance U.S. corporate tax policies. It proposes restoring progressive corporate tax rates, equalizing tax rates on domestic and foreign...
Simple Explanation
The Corporate Tax Dodging Prevention Act is a bill that wants to make sure big companies pay their fair share of taxes by changing some rules so they can't hide money in other countries to pay less. It also aims to make certain foreign companies pay like they are in the U.S. if they are managed from here.