Letter to the House in Support of Anti-Inversion Legislation
The FACT Coalition sent the attached letter to House Members in May 2014 in support of the Stop Corporate Inversions Act.
FACT Opposes Tax Breaks in Senate Bill That Shift Profits and Jobs Off-Shore
With the Senate set to take up consideration of a package of over 50 tax breaks, the FACT (Financial Accountability and Corporate Transparency) Coalition is reminding the American people of two of the more egregious breaks included in the bill and of their impact on this country.
Joint Senate Letter on Tax Extenders, May 13 2014
FACT and a number of other organizations sent the attached letter to Senators in May 2014 regarding the tax extenders.
FACT Statement on Ways and Means Vote
“The House Ways and Means Committee should reject two tax breaks that benefit tax dodging corporations at the “expense of the rest of us. The controlled foreign corporation (CFC) look-through rule and the active financing exception have enabled multinational corporations to avoid U.S taxes by shifting profits to shell companies in tax havens around the globe.
FACT Sheet: Anonymous U.S. “Shell” Corporations: A National Security Code Red
Anonymous shell companies threaten U.S. security on many fronts. Requiring the disclosure of beneficial ownership information addresses the problem.
FACT Sheet: Why Beneficial Ownership Transparency Matters
Phantom firms can open bank accounts, wire money, buy property, and transact business like any other company, making them an attractive method for hiding, moving, and using money or other assets. As a result, phantom firms are often misused for a multitude of illegal or unethical activities.