The FACT Coalition submitted the attached comments to the U.S. Treasury Department in December 2014 regarding the Department’s guidance on corporate tax inversions.
The FACT Coalition submitted the attached comment to the U.S. Treasury Department’s Financial Crimes Enforcement Network in October 2014 regarding FinCEN’s notice of proposed rule making for customer due diligence procedures for financial institutions.
The FACT Coalition sent the attached letter to the Senate Finance Committee in July 2014 regarding principles and options for reforming the business tax code.
Don’t Reward Corporations for Bad Behavior
With any opportunity that seems too good to be true, there is often a fatal flaw.
That is the case with The Partnership to Build America Act, introduced by Rep. John Delaney (D-Md.), which seems to be gaining more and more support and was even embraced by President Obama in his State of the Union address.
To the Editor:
Your editorial “A Global Revenue Grab” (July 23) presents misleading and selective data that paints powerful, profitable corporations as victims of a system that affords them the best of all worlds in terms of taxation.
There’s been a lot of talk about what we can’t afford as a nation and who is getting what “gift” or which free ride. When President Obama met with CEOs and chatted with Jamie Dimon over the weekend, we should hope he issued a stern warning that the tax avoidance games (legally) played by big banks and multinational corporations are on the chopping block. When it comes to cutting, eliminating and restructuring things, these loopholes should be top-of-mind for all leaders.