Read FACT’s latest report analyzing the public filings of 11 U.S. multinational oil and gas companies, and breaking down the substantial tax subsidies that inform the industry’s low average tax rates on their domestic income.
Watch a recording of the launch of FACT’s new report analyzing the tax disclosures of 11 U.S. oil and gas multinational companies, and calling for the elimination of harmful subsidies for extraction abroad.
FACT publishes new research on illegal gold mining in the Amazon, Congress presses the Administration on anti-money laundering rollbacks, and Australia advances the implementation of its new tax transparency standard.
While the 2025 tax law’s international tax provisions have been labelled “America-first”, in reality, most of the changes will lower the effective tax rates multinationals pay on foreign income, further incentivizing the movement of investment and income abroad.
Instead of undermining multilateral tax cooperation, Congress should address incentives in the U.S. tax code that encourage the offshoring of jobs and profits by American multinational companies.
Lawmakers, small business groups, national security experts, and law enforcement organizations speak out against Treasury’s gutting of the Corporate Transparency Act, and Senate tax negotiations could decide the fate of tax loopholes for U.S. multinational companies.
