New Bill Removes Tax Incentives to Move Jobs, Profits Offshore
In its latest segment, the HBO show Last Week Tonight took a deep dive into corporate taxes and how many companies manage to avoid paying their fair share. ITEP's Richard Phillips discusses some of the segments key points.
A Taxing Headache from Congress
Just in time for tax day, the nonpartisan Congressional Budget Office is out with a new analysis of the Tax Cuts and Jobs Act with estimates that are worth a serious review.
Priced Out: How Anonymous Companies Contribute to the Rising Cost of Housing
Loss of affordable housing has been spurred by anonymous shell companies used to bid up prices while bad actors use property as a “bank” rather than a home.
  • Bipartisan Bill Targets Foreign Government Corruption

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    The Kleptocracy Asset Recovery Rewards Act Would Establish a Rewards Program for Whistleblowers

    WASHINGTON, D.C. – A bipartisan group of lawmakers introduced legislation Tuesday afternoon to combat terror finance and foreign government corruption in a move that was welcomed by the Financial Accountability and Corporate Transparency (FACT) Coalition.

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  • New Bill Removes Tax Incentives to Move Jobs, Profits Offshore

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    “No Tax Breaks for Outsourcing Act” Would Close Loopholes in Tax Code that Encourage Offshore Tax Avoidance

    WASHINGTON, D.C. – New legislation introduced Tuesday would equalize the tax rates for domestic businesses and multinational corporations — reducing the tax incentives to shift jobs and profits overseas that were enacted under the recent tax overhaul, according to the Financial Accountability and Corporate Transparency (FACT) Coalition.

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  • New Report: U.S. the 2nd Biggest Tax Haven in the World

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    America Surpasses Cayman Islands, Second Only to Switzerland in Tax Justice Network’s Rankings of the World’s Largest Secrecy Jurisdictions

    WASHINGTON, D.C. – The United States has become the second largest tax haven in the world, according to a new report published Tuesday by the Tax Justice Network.

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