News Releases

Tax Plan Would Accelerate Offshore Tax Dodging

Statement by FACT Coalition on White House’s Tax Reform Outline

The Administration released an outline today of its plan to reform the corporate tax code.  The signature reform is a reduction of the corporate tax rate from 35% to 15%.

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On Tax Day, Tax Haven Lobby Advocating for Tax Cheats

Congress Should Reject Tax Haven Lobby’s Push to Repeal FATCA Transparency Measure

WASHINGTON, D.C. – As millions of Americans head to the post office today — this year’s deadline for filing individual tax returns — there is a stepped-up effort to make it easier for some to illegally evade paying their taxes.

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New Bill Ends Offshoring — Offering Sensible Tax Reform Template

The Tax Fairness and Transparency Act Puts Domestic Businesses and Middle-Class Taxpayers First

WASHINGTON, D.C. – New legislation introduced Thursday by Rep. Mark Pocan (D-WI) takes aim at the biggest offshore tax avoidance loopholes, offering a sensible template for tax reform, according to the Financial Accountability and Corporate Transparency Coalition (FACT Coalition).

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New Bills Take Aim at Offshore Tax Haven Abuse

Stop Tax Haven Abuse Act and Corporate EXIT Fairness Act Would Close Many of the Most Egregious Offshore Loopholes

WASHINGTON, D.C. – Congressional lawmakers introduced two measures Wednesday to close a number of offshore tax haven loopholes in a move welcomed by the Financial Accountability and Corporate Transparency Coalition (FACT Coalition).

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Large Companies Dodging $767 Billion in U.S. Taxes through Offshore Loopholes

ITEP Report Reveals Fortune 500 Companies Booking Record $2.6 Trillion in Untaxed Profits Abroad

WASHINGTON, D.C. – As Washington turns its attention to tax reform, a new report from the Institute on Taxation and Economic Policy underscores the immense scale of offshore tax avoidance: Fortune 500 companies have booked a record $2.6 trillion in profits offshore, allowing them to avoid up to $767 billion in U.S. taxes.

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Legislation Proposes Strengthening Foreign Bribery Safeguard

Foreign Business Bribery Prohibition Act” Would Empower Private Sector to Assist in Combating Corruption

WASHINGTON, D.C. – Rep. Ed Perlmutter (D-CO) introduced legislation Thursday to strengthen safeguards against foreign bribery in a move welcomed by anti-corruption advocates.

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New Bill Takes Aim at Offshore Tax Avoidance

FACT Coalition Statement on  Corporate Tax Dodging Prevention Act

WASHINGTON, D.C. – Legislation introduced by Sen. Bernie Sanders (I-VT), Sen. Brian Schatz (D-HI), and Rep. Jan Schakowsky (D-IL) Thursday takes aim at offshore tax avoidance by closing a number of loopholes in the tax code.

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Report Shows House Tax Plan Fails to Curb Tax Avoidance

Statement by the FACT Coalition on ITEP Study

WASHINGTON, D.C. – A new report published Wednesday by the Institute on Taxation and Economic Policy (ITEP) explains—among other things—how the House tax plan fails to curtail tax avoidance, contrary to the conventional wisdom in Washington.

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