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.
The FACT (Financial Accountability and Corporate Transparency) Coalition today called on Congress to reject the tax extenders package that includes two wasteful offshore loopholes that allow U.S. companies to dodge billions worth of taxes.
The FACT (Financial Accountability and Corporate Transparency) Coalition today issued the following statement on the tax extenders compromise legislation that is taking shape on Capitol Hill.
As Congress prepares to return to Washington for a post-election “lame duck” session, the FACT Coalition (Financial Accountability and Corporate Transparency) urges it to do the right thing and pass legislation to halt inversions as well as let the most egregious offshore tax extenders remain expired.
The FACT (Financial Accountability and Corporate Transparency) Coalition is today commending AbbVie Inc. on its announcement that the pharmaceutical maker has decided not to purchase the Ireland-based company, Shire Plc., and its decision to remain in the United States.
The FACT Coalition today issued the following responses on the new actions announced by the Treasury Department to limit corporate inversions.
The FACT (Financial Accountability and Corporate Transparency) Coalition applauds the introduction of legislation that would be a helpful step towards tax fairness if enacted along with the Stop Corporate Inversions Act, which was introduced in the House and Senate in May.
