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Clinton Targets 'Earnings Stripping'

Candidate's tax plan would penalize companies that move tax addresses offshore.

By Jennifer Epstein, Bloomberg | Updated on December 09, 2015

Democratic presidential candidate Hillary Clinton on Wednesday urged Congress to take action against companies that avoid taxes by shifting their debt to American soil while moving profit overseas, a technique known as earnings stripping, and said that if they don’t, the Treasury Department should crack down with new rules.

Clinton’s call for action on earnings stripping is part of her broader plan, unveiled Wednesday in Iowa, to stop corporate inversions—the practice of moving a company’s tax address by merging with a foreign company—and other corporate strategies for shifting profits overseas to avoid U.S. corporate income taxes.

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