MI SR0021

Urges U.S. Congress to pass H.R. 415 and S. 198, the Stop Corporate Inversions Act of 2015, which would prevent large American corporations from moving headquarters to foreign countries to avoid paying higher U.S. tax rates.

Increases the shareholder ownership threshold required for corporate inversions from 20 percent to 50 percent, effectively requiring U.S. companies to merge with foreign companies of roughly equal or larger size to relocate for tax purposes.

Notes that corporate inversions have cost the U.S. an estimated $34 billion over the past decade, while the Stop Corporate Inversions Act would raise approximately $17 billion in revenue over the next ten years.

Affirms that corporations benefit from U.S. presence through access to the education system, legal system, and national defense, making it inappropriate for them to avoid U.S. taxation while leveraging these advantages worldwide.

Directs transmission of the resolution to the President of the U.S. Senate, Speaker of the U.S. House of Representatives, and Michigan congressional delegation members.