The FACT (Financial Accountability and Corporate Transparency) Coalition today praised the announcement from the Federal Reserve that five bankers at Credit Suisse have been barred from working in the banking industry for their part in helping U.S. citizens evade income taxes.
With two different and devastating announcements this week from the Joint Committee on Taxation and House Ways and Means Chairman Paul Ryan, the FACT (Financial Accountability and Corporate Transparency) Coalition believes the flawed proposal of a repatriation tax holiday has two huge strikes against it and is enough to declare it “Out!”
The FACT (Financial Accountability and Corporate Transparency) Coalition today submitted comments to the Senate Finance Committee¹s Business Income Tax and International Tax Working Groups calling for a number of substantive changes in the tax code to restore fairness and to close loopholes that allow U.S. multinational corporations to avoid taxes.
The FACT (Financial Accountability and Corporate Transparency) Coalition today praised the passage of legislation in the United Kingdom to crack down on the use of anonymous shell companies with the creation of a public registry of corporate ownership. The new law brings increased pressure on the United States to follow suit.
The Financial Accountability and Corporate Transparency (FACT) Coalition today praised the news that former Senator Carl Levin’s (D-MI) work on tax avoidance, transparency, and other issues will continue with the formation of the Levin Center at the Wayne State University Law School.
The FACT (Financial Accountability and Corporate Transparency) Coalition today released the following statement on the Obama Administration’s proposal regarding the taxation of foreign corporate profits. The statement is from Executive Director Rebecca Wilkins.
