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.
Faith leaders, small business owners, activists, and others will be fanning out across Capitol Hill to tell lawmakers in both chambers and in both parties of the impact that offshore tax haven abuse and the use of anonymous shell companies are having on communities as the FACT (Financial Accountability and Corporate Transparency) Coalition kicks off its Advocacy Days.
With Senate Finance Committee Chairman Ron Wyden (OR) to begin consideration of renewing the set of expired tax breaks, or “tax extenders,” this week and embarking on the first major action of his chairmanship, the FACT (Financial Accountability and Corporate Transparency) Coalition is urging him to take a stand against multinational corporations that have used some of these extenders to avoid paying taxes and reject these egregious provisions.
Senator Carl Levin speaks during the FACT Coalition’s 2014 Advocacy Days in Washington, DC.
Rep. Lloyd Doggett speaks during the FACT Coalition’s 2014 Advocacy Days in Washington, DC.
David Boris, Owner of Hel’s Kitchen Catering in Northbrook, IL., speaks during the FACT Coalition’s 2014 Advocacy Days in Washington, DC.
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:
