Policy Analysis

Letter to Reps. Hensarling and Waters Supporting End Banking for Human Traffickers Act (H.R.2219)

The Financial Accountability and Corporate Transparency Coalition (FACT Coalition) sent a letter to House Financial Services Committee Chairman Jeb Hensarling and Ranking Member Maxine Waters in support of the bipartisan End Banking for Human Traffickers Act of 2017 (H.R.2219), which would increase the role of financial policymakers and the financial industry in combating human trafficking.

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Letter to Reps. Hensarling and Waters Opposing H.R.4519

The Financial Accountability and Corporate Transparency Coalition (FACT Coalition) sent a letter to House Financial Services Committee Chairman Jeb Hensarling and Ranking Member Maxine Waters in opposition to H.R.4519, which would repeal the bipartisan Cardin-Lugar anti-corruption provision (Section 1504) of the Wall Street Reform and Consumer Protection Act of 2010.

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Letter Opposing Senate Tax Cuts and Jobs Act (TCJA)

The Financial Accountability and Corporate Transparency Coalition (FACT Coalition) sent a letter to the Senate opposing the Tax Cuts and Jobs Act, as it would create significant new tax incentives to move U.S jobs, profits, and operations overseas, while exploding the deficit.

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Letter to Sens. Grassley and Feinstein Supporting S.1241

The Financial Accountability and Corporate Transparency Coalition (FACT Coalition) sent a letter to Senate Judiciary Committee Chairman Chuck Grassley and Ranking Member Dianne Feinstein in support of the Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 (S.1241).  The full letter can be read below or downloaded here.

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FACT Sheet: Offshore Tax Haven Abuse by the Numbers (November 2017)

$129 billion to $205 billion: Amount that U.S. taxpayers lose in federal revenue to offshore tax haven abuse each year.

  • $94 billion to $135 billion: Lost U.S. revenue from offshore profit shifting by multinational corporations annually.[i]
  • $35 billion to $70 billion: Lost U.S. revenue to tax evasion by wealthy individuals annually.[ii], [iii]
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FACT Sheet: Offshore Tax Haven Abuse (November 2017)

Middle-Class Taxpayers and Domestic Businesses Foot the Bill for Offshore Tax Loopholes

Many Large U.S.-Based Multinationals Avoid Paying U.S. Taxes by Using Accounting Tricks to Make Profits Made in America Appear to Be Generated in Offshore Tax Havens—Countries with Minimal or No Taxes.

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FACT Sheet: Public Country-by-Country Reporting

Boosting Tax Transparency to Guard Investors, Protect Taxpayers, and Inform Policymakers

Disclosing more information on where companies book profits, record revenues, and pay taxes would protect taxpayers by discouraging abusive tax avoidance schemes; protect shareholders by providing them with information about the risks associated with their investments; and inform policymakers as Congress considers overhauling the U.S. tax code.

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