Stop Tax Haven Abuse Act Reintroduced in U.S. Congress

On March 2, 2009, the Stop Tax Haven Abuse Act (STHAA) was introduced as S. 506 and H.R. 1265 on the following day in the 111th Session of the U.S. Congress. The bill is quite similar to its counterpart introduced in the prior session of Congress. A major difference this year is that one of the cosponsors of last session’s bill, Barack Obama, is now the President. He campaigned vigorously on some of the principles of the bill. Hence, he believes he has a mandate...[more]