Did you know that it is easier to form a company in the U.S. than it is to get a library card?
American and foreign terrorists, narco-traffickers, arms dealers, corrupt foreign officials, tax evaders and other criminals easily and regularly set up anonymous U.S. companies to launder their money with impunity.
Average Taxpayers and Small Business Owners Foot the Bill for Offshore Tax Loopholes
The current tax code is riddled with loopholes inserted by special interests that result in wealthy individuals and large, multi-national corporations shifting their tax responsibilities to small and domestic businesses, and average taxpayers.
Congress Should Reject Tax Haven Lobby’s Push to Repeal FATCA Transparency Measure
WASHINGTON, D.C. – As millions of Americans head to the post office today — this year’s deadline for filing individual tax returns — there is a stepped-up effort to make it easier for some to illegally evade paying their taxes.
The Tax Fairness and Transparency Act Puts Domestic Businesses and Middle-Class Taxpayers First
WASHINGTON, D.C. – New legislation introduced Thursday by Rep. Mark Pocan (D-WI) takes aim at the biggest offshore tax avoidance loopholes, offering a sensible template for tax reform, according to the Financial Accountability and Corporate Transparency Coalition (FACT Coalition).