1. Short title This Act may be cited as the Disclosure of Tax Havens and Offshoring Act . 2. Country-by-country reporting (a) Country-by-Country Reporting Section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ) is amended by adding at the end the following new subsection: (t) Disclosure of financial performance on a country-by-Country basis (1) Definitions In this subsection— (A) the term constituent entity means, with respect to a covered issuer, any separate business entity of the covered issuer; (B) the term covered issuer means an issuer who— (i) is a member of a multinational enterprise group; and (ii) the multinational enterprise group of which the issuer is a member has annual revenue for the preceding calendar year of not less than an amount determined by the Commission to conform to United States or international standards for country-by-country reporting; and (C) the term tax jurisdiction — (i) means a country or a jurisdiction that is not a country but that has fiscal autonomy