Following the release today by House Ways & Means Committee Chairman Representative Dave Camp (R-MI) of a plan to overhaul the U.S. tax code, the FACT (Financial Accountability and Corporate Transparency) Coalition released the following statement from its director, Nicole Tichon:
Following today’s announcement by the OECD (Organization for Economic Co-operation and Development) of the release of their “Standard for Automatic Exchange of Financial Account Information: Common Reporting Standard,” the FACT (Financial Accountability and Corporate Transparency) Coalition released the following statement from its Director, Nicole Tichon:
FACT and 24 other organizations sent the attached letter to the leaders of the House Ways and Means Committee and the Senate Finance Committee in January 2014 regarding the tax extenders debate.
The FACT (Financial Accountability and Corporate Transparency) Coalition along with partners from small business, faith, labor and public interest groups submitted a formal response to Chairman Max Baucus (D-MT) and the Senate Finance Committee, calling his proposed changes to the international tax system as falling short “…in three critical ways and leaves room for the offshoring of jobs and profits to continue.”
Nicole Tichon, Executive Director of the FACT (Financial Accountability and Corporate Transparency) Coalition release the following statement on the budget plan released by senator Patty Murray (D-WA) and Representative Paul Ryan (R-WI):
The FACT (Financial Accountability and Corporate Transparency) Coalition today praised Representative Lloyd Doggett (D-TX) and Representative Rosa DeLauro (D-CT) for the introduction of the Sequester Delay and Stop Tax Haven Abuse Act. Among other things, this legislation would close or tighten tax loopholes that have been used by some of the most profitable multinational corporations – Apple, Hewlett-Packard, Microsoft and Nike – to avoid paying their fair share of taxes. Some tax loopholes allow corporations to use complex accounting schemes to make it appear that profits earned in the United States are actually generated in other countries, often a tax haven with little or no tax on profits.
