There is widespread agreement, across the political spectrum, that the gaming of the tax code by multinational corporations is a problem. When profits and jobs are shipped offshore, we not only harm the U.S. economy, we fuel a tax haven industry that drains wealth around the world.
The tax system under the Tax Cuts and Jobs Act includes loopholes and incentives to shift money and jobs overseas.
January 30, 2018
Join the FACT Coalition in Washington on January 30th at 12pm EST for the 2018 launch of the Financial Secrecy Index and find out where the U.S. ranks among the world’s biggest tax havens.
Quotes from prominent anti-human trafficking experts explaining the problems with anonymous shell companies.
12 financial services trade groups sent a letter to the House lawmakers endorsing beneficial ownership disclosure.
Jubilee USA Network sent a letter to the U.S. House of Representatives Financial Services Committee with thoughts and concerns regarding the Counter Terrorism and Illicit Finance Act draft. The letter was sent on December 6, 2017.
The conversation about the dangers of anonymous companies has largely focused on corrupt foreign leaders and threats to national security, human trafficking, and disruption to business. Additional harms include bidding up prices that fuel the loss of affordable housing, environmental degradation, and tax evasion.
