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Neal Introduces Bill to Close Reinsurance Tax Loophole

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Click here to download the technical explanation of the bill Mr. Speaker, today I am pleased to come before the House to introduce legislation ending a current law loophole that allows foreign insurance groups to strip their U.S. income into tax havens to avoid U.S. tax and gain a competitive advantage over American companies.  I am pleased to be joined in my efforts by Senator…

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