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Just the FACTs: November 20, 2020
More than a decade after FACT Coalition member organizations began working to end anonymous companies, Congress is nearing the finish line to finally pass a bill that could do just that.
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.
More than a decade after FACT Coalition member organizations began working to end anonymous companies, Congress is nearing the finish line to finally pass a bill that could do just that.
FACT sent policy recommendations for the FACTI Panel final report.
New report finds taxpayers lose $427 billion worldwide to individual tax evasion and multinational corporate profit-shifting, undercutting a COVID-19 response.
As part of our work to tackle this problem of tax avoidance and ensure the government is well-funded, the FACT Coalition held two virtual briefings for Congressional staffers in October to discuss remedies to combat egregious tax avoidance by large multinational corporations.
FACT makes recommendations to President-Elect Biden’s transition team to advance corporate and financial transparency and tax reforms.
The FACT Coalition, Oxfam America, and Public Citizen host a panel discussion on the role of international tax policy on jobs offshoring. While the COVID-19 pandemic wreaks havoc on our economy and public finances, ending offshore corporate tax dodging to protect American jobs and raise revenue from profitable companies is more important than ever.