It’s Tax Time…for Some
Today is May 17, which due to an IRS extension is this year’s tax day. The annual deadline comes as a reminder that–while most of us scramble to pay what we owe–some of the wealthiest among us pay little to nothing in taxes.
Fair Tax Systems Are Vital for Strong Climate Action
Fast on the heels of the Leaders’ Summit on Climate hosted by the United States last week, the Biden administration will start working in earnest to advance its American Jobs Plan in Congress. Infrastructure investments aimed at combating climate change are at the center of the plan designed to spur emissions-reducing actions, generate economic growth and create jobs.
Rep. Doggett and Sen. Whitehouse Introduce Bill to Crack Down on Offshore Corporate Tax-Dodging
When people think of the corporate tax cuts that were included in the so-called Tax Cuts and Jobs Act (TCJA) enacted by Trump and congressional Republicans in 2017, they usually think of the reduction in the corporate tax rate from 35 percent to 21 percent. But that was not the only corporate giveaway.
The Global Trend Towards Corporate Tax Transparency is Accelerating
In a 2019 report FACT pointed out the growing momentum for tax transparency. Now, it seems, that growth is explosive.
Worsening US Score in 2020 Corruption Perception Report Underscores Urgent Need for Reform
In February, FACT member Transparency international released a report outlining perceived corruption globally. Adding to a troubling trend over the last few years, the U.S. again fell in its ranking with its lowest score since 2012.
Defense Bill Includes Two Landmark Transparency Provisions
As 2021 began, Congress passed two landmark laws that will help improve the transparency of federal contractors and combat the use of anonymous shell companies for money laundering.