FACT urges the House Ways & Means Committee to make critical revisions to its draft Committee Tax Plan (the “Plan”) to help curb tax-haven abuse, protect American jobs, and begin to meet the challenge set by the Biden Administration to end the international race to the bottom in corporate tax collections.
The FACT Coalition, Global Financial Integrity, Action Center on Race and the Economy, Transparency International’s U.S. Office, and the California Reinvestment Coalition co-sponsored a panel to learn from experts about the scope of real estate money laundering and what the U.S. should do to fight it, and in doing so combat global corruption and create fairer housing markets here at home.
Join FACT as Executive Director Ian Gary moderates a panel of experts to discuss the impact of real estate money laundering on the U.S. housing market
The Financial Accountability and Corporate Transparency (FACT) Coalition welcomes the discussion draft released today by Senators Wyden, Warner, and Brown on international corporate tax reform. While the draft legislation would curb tax-haven abuse, protect American jobs, and begin to meet the challenge set by the Biden Administration to end the international race to the bottom in corporate tax collections, more can be achieved through the inclusion of additional measures to equalize U.S. foreign and domestic corporate tax rates in the final legislation.
Following last month’s historic agreement on a 15 percent global minimum tax rate at the G7 Finance Ministers meeting, a groundbreaking 130 countries came together to All eyes are on Washington to see if lawmakers will take a proactive step toward codifying U.S. international tax reform through the budget reconciliation process.