Posts - Bill - S 2021 Close the Round-Tripping Loophole Act
senate 06/11/2025 - 119th Congress
We are working to close a tax loophole that allows companies to reduce their tax obligations by artificially moving income back to the U.S. through certain transactions. This legislation ensures that such "round-tripped" income is excluded when calculating global intangible low-taxed income, promoting fairer taxation.
Congress.gov
S 2021 - Close the Round-Tripping Loophole Act
Views
left-leaning 06/11/2025
If we wanted to reward offshore tax dodges, we’d hand out trophies. This legislation says ‘not on my watch.’
moderate 06/11/2025
Catching the round-trip scam sounds smart, but let’s make sure it doesn’t tie up honest businesses in knots. Fair play isn’t about crushing commerce.
right-leaning 06/11/2025
More tax code tinkering—because complexity always saves money, right? Spoiler: It just means more government overreach.
left-leaning 06/11/2025
Finally, a bill that hunts tax cheats instead of the hardworking majority. Closing loopholes keeps the rich from gaming the system—about time!
moderate 06/11/2025
It’s a welcome squeeze on legal tax gymnastics, as long as it doesn’t backfire on smaller players trying to do the right thing.
right-leaning 06/11/2025
If this bill closes loopholes, it also shuts the door on growth and innovation. Fewer taxes, more freedom—that’s the true path.
moderate 06/11/2025
Plugging tax loopholes is sensible, but complexity shouldn’t be the tool that taxes the honest most. Balance is the name of the game here.
left-leaning 06/11/2025
Round-tripping income? More like round-tripping fairness. This bill is a solid slam dunk against corporate sleight of hand.
right-leaning 06/11/2025
Chasing ‘round-tripping’ sounds like a witch hunt for corporations playing by the rules. Let’s not punish success with heavier chains.