FACT policy director Zorka Milin was quoted by Newsweek in their coverage of the OECD side-by-side deal that exempts U.S. multinational corporations from the Pillar Two minimum tax.
“In brief, the U.S. got its way by tricking and bullying other countries through threatening retaliatory taxes, which never stood a chance in Congress anyway.”
FACT policy director Zorka Milin was quoted by the Associated Press in their coverage of the OECD Pillar Two side-by-side deal.
“This deal risks nearly a decade of global progress on corporate taxation only to allow the largest, most profitable American companies to keep parking profits in tax havens,” said Milin.
FACT policy director Zorka Milin was quoted by Thomson Reuters in their coverage of the 11th Circuit Court’s decision upholding the CTA.
This decision “doesn’t directly change the Treasury’s rule implementing the CTA… but it does resoundingly validate the CTA as originally enacted by Congress,” said Milin. The Treasury should “take into account Congressional intent and reverse its unlawful and unconstitutional IFR from March.”
In his latest op-ed, FACT executive director Ian Gary argues that the Pentagon’s interest in recruiting private equity firms as investment partners raises serious national security concerns, given the absence of effective anti-money laundering safeguards for the sector.
From the op-ed: “The Treasury Department should not stall safeguards that would make it harder for our adversaries to evade sanctions and spy on our nation’s defense technology. Delaying these rules will put Americans and our national security at risk.”
Bloomberg Tax published an op-ed from FACT’s Zorka Milin warning against the administration’s recent efforts to exempt large companies from the corporate alternative minimum tax.
From the op-ed: “The corporate alternative minimum tax, or CAMT, is at risk of stealth repeal as business interests lobby for “relief” from the Treasury Department—unlegislated, unaccounted for, and likely unconstitutional tax cuts. Treasury shouldn’t take the bait.”
Read FACT’s official comments submitted to Governor González-Colón urging the veto of a bill that would weaken Puerto Rico’s access-to-information framework.
