Disclosure of Tax Havens and Offshoring Act

This bill requires large multinational corporations to publicly disclose detailed financial information for each country where they operate. Specifically, companies with significant annual revenues must submit reports to the Securities and Exchange Commission showing revenues, profits, taxes paid, and employee counts by location. The law mandates that this data be provided in a machine-readable format and made available online for public access. Additionally, the bill directs the Commission to create specific regulations within one year of the law's enactment to establish the exact reporting standards and deadlines.