Stop Off Shore Banking Tax Relief

Repeal, retroactive to 12/1/2010, any and all tax loopholes and regulations that allow US Corporations and/or Citizens to move assets to offshore tax favorable countries and not claim global revenue and profits as INCOME. Extend accountability to Boards of Directors by making it a federal felony to knowingly support or enable schemes that clearly demonstrate the intention to move revenue and profits off shore to avoid US Corporate income taxes when the main global headquarters and corporate entity resides in the USA.