Just the FACTs: July 29, 2020
2020 is turning out to be an eventful year in the fight against corrupt financial practices.
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. We seek to fix the problem of large, well-connected interests gaming the tax system.
2020 is turning out to be an eventful year in the fight against corrupt financial practices.
The FACT Coalition and Oxfam penned a joint comment on USTR’s Investigations of Digital Services Taxes, encouraging the agency to not take action against jurisdictions that adopt digital services taxes.
The FACT Coalition issued a statement on the European Union court ruling overturning a 2016 decision that found that Apple had received illegal tax breaks from Ireland.
Sen. Durbin and Rep. Doggett’s bill provides a critical safeguard against corporate abuse at this time of national crisis.
The FACT Coalition sent a letter to Congress outlining key transparency and accountability measures to guide the ongoing policy response to COVID-19.
The FACT Coalition sent a letter to Congress opposing any offshore corporate tax giveaways in a COVID-19 emergency response package and calling for country-by-country tax transparency as a prerequisite for any potential tax breaks or bailouts.