New Offshore Leak Raises Concerns about House Tax Bill
The FACT Coalition called on lawmakers to investigate how the proposed tax legislation will address the offshore loopholes highlighted in the new ‘Paradise Papers’ leak.
FACT Calls for changes to Anti-Money Laundering Proposal in Letter to House Financial Services Committee
The FACT Coalition sent a letter to the leaders of the U.S. House Financial Services Committee's Subcommittees on Terrorism and Illicit Finance, Financial Institutions, and Consumer Credit on the Joint Hearing Entitled “Legislative Proposals to Counter Terrorism and Illicit Finance”
Senate Votes to Increase Tax Avoidance, Offshore U.S. Jobs
Following in the footsteps of the House, Senate lawmakers chose to adopt legislation that will outsource American jobs, reward the worst tax dodgers, and turbocharge offshore tax avoidance for years to come.
  • Senate Votes to Increase Tax Avoidance, Offshore U.S. Jobs

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    Bipartisan Voices Agree that Senate Bill Will Increase Shifting of Production Overseas and Profits to Tax Havens

    WASHINGTON, D.C. – The U.S. Senate on Saturday passed its own version of the “Tax Cuts and Jobs Act” — legislation that will reward offshore tax haven abuse and increase the incentive to outsource American jobs abroad, according to the Financial Accountability and Corporate Transparency (FACT) Coalition.

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  • House Passes Bill that Offshores American Jobs and Profits

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    Bipartisan Voices Agree that H.R. 1 Will Increase Shifting of Production Overseas and Profits to Tax Havens

    WASHINGTON, D.C. – The U.S. House of Representatives on Thursday passed the “Tax Cuts and Jobs Act” (H.R. 1) — legislation that will reward offshore tax haven abuse and increase the incentive to outsource American jobs abroad, according to the Financial Accountability and Corporate Transparency (FACT) Coalition.

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  • Sen. Johnson (R-WI): Senate Tax Bill Incentivizes Offshoring of Jobs and Production

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    Coalition Welcomes Wisconsin Senator’s Remarks in Opposition to Tax Plan

    WASHINGTON, D.C. — In announcing his opposition to the Senate tax plan Wednesday, Sen. Ron Johnson (R-WI) mentioned that the bill’s shift to a so-called “territorial” tax system — whereby corporations are not taxed on their offshore profits — is one of the things that concerns him.

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