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.
House Bill a Gift to Offshore Tax Dodgers and Outsourcers
The U.S. House Ways and Means Committee unveiled legislation Thursday that would overhaul the U.S. tax system. The deeply flawed bill would reward corporations that have shifted profits to tax havens.
Sen. Johnson (R-WI): Senate Tax Bill Incentivizes Offshoring of Jobs and Production
Senator cites concerns over a shift to a so-called Territorial tax system in their opposition to the Tax plan.
  • 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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  • House Advances Tax Bill that Increases Offshoring of Jobs & Profits

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    House Advances Tax Bill that Increases Offshoring of Jobs & Profits

    WASHINGTON, D.C. — The U.S. House Ways and Means Committee’s voted 24-16 to advance proposed tax legislation (H.R.1) Thursday afternoon, after making some last-minute amendments.

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