Clark Gascoigne | Page 31 | The FACT Coalition

FACT Urges Lawmakers to Embrace Global “BEPS” Effort to Curb Egregious Corporate Tax Dodging

December 1, 2015

OECD’s Base Erosion and Profit Shifting (BEPS) Package “Important First Step” Towards Curtailing Abusive Tax Avoidance, but More Must Be Done
WASHINGTON, DC – As two congressional committees held hearings today on global efforts to tackle abusive corporate tax dodging, the Financial Accountability and Corporate Transparency (FACT) Coalition urged U.S. lawmakers to embrace the efforts, which target a practice gouging American taxpayers of roughly $90 billion per year.

FACT’s Clark Gascoigne on HuffPost Live: U.S. a Major Money Laundering Capital

November 14, 2015

FACT’s Clark Gascoigne Discusses the U.S. Ranking as the 3rd Biggest Secrecy Jurisdiction in the Latest Financial Secrecy Index
Clark Gascoigne, the Deputy Director of the FACT Coalition, appeared on Mind Your Business with Alyona Minkovski, a weekly business program on HuffPost Live, on Friday, November 13, 2015. He discussed how the United States facilitates all sorts of financial crime with widespread financial opacity.

FACT Praises Introduction of Bills to Curb Abusive Tax Dodging by Multinationals

November 9, 2015

Putting America First Corporate Tax Act Would End Loophole Enabling Largest Companies to Indefinitely “Defer” Paying Taxes on Offshore Profits
Corporate Fair Share Tax Act Would Deter Multinationals from Renouncing American Citizenship to Avoid Paying Taxes
WASHINGTON, DC – The FACT (Financial Accountability and Corporate Transparency) Coalition welcomed the introduction of two pieces of legislation by Representative Mark Pocan (D-WI) to close corporate tax loopholes costing U.S. taxpayers hundreds of billions of dollars.

Study: Offshore Tax Dodging by U.S. Multinationals Costs Taxpayers $90 Billion per Year

October 6, 2015

Research Increases Pressure on Congress to Address the Hemorrhaging of the American Tax Base
OECD’s Base Erosion and Profit Shifting (BEPS) Package “Important First Step” Towards Curtailing Abusive Tax Avoidance, but More Must Be Done
WASHINGTON, DC – The Financial Accountability and Corporate Transparency (FACT) Coalition applauded a new report from two of its members detailing the serious consequences of offshore tax haven abuse on U.S. taxpayers. Published today by Citizens for Tax Justice and the U.S. Public Interest Research Group Education Fund (U.S. PIRG), the study reveals that the nation’s largest multinational corporations dodge nearly $90 billion in U.S. taxes annually through the abuse of offshore tax haven loopholes, shifting the country’s tax burden onto small businesses and individual Americans.

FACT Coalition Urges Congress to Reject Permanent Extension of “Egregious” Tax Loopholes

September 16, 2015

House Ways and Means Committee Set to Consider Enshrining “CFC Look-Through Rule” and “Active Financing Exemption” Thursday
Unpaid-for Corporate Giveaways to Cost American Taxpayers $100 Billion
WASHINGTON, DC – The Financial Accountability and Corporate Transparency (FACT) Coalition called on Members of Congress today to strongly reject pending legislation that would cost American taxpayers $100 billion over the next decade by enshrining egregious tax loopholes which reward multinational companies for artificially shifting profits overseas.