
Tax Loopholes Lure American Companies to Renounce American Citizenship Reminder on Nation’s Birthday of a Wave of Inversions
As the nation pauses to mark its birthday with celebrations and fireworks displaying pride in country and patriotism, the FACT (Financial Accountability and Corporate Transparency) Coalition is marking the day by expressing its view on tax loopholes that are encouraging quintessentially American companies to renounce their citizenship when it comes to paying taxes.