News Releases

Sen. Johnson (R-WI): Senate Tax Bill Incentivizes Offshoring of Jobs and Production

Coalition Welcomes Wisconsin Senator’s Remarks in Opposition to Tax Plan

WASHINGTON, D.C. — In announcing his opposition to the Senate tax plan Wednesday, Sen. Ron Johnson (R-WI) mentioned that the bill’s shift to a so-called “territorial” tax system — whereby corporations are not taxed on their offshore profits — is one of the things that concerns him.


House Guts Safeguard, Increases Offshoring Incentives in Tax Bill

FACT Coalition Spokespeople Available to Comment on Tax Bills and Paradise Papers

WASHINGTON, D.C. — The U.S. House Ways and Means Committee’s amendments to the proposed tax legislation Monday evening nearly eliminated a safeguard in the tax bill meant to discourage some shifting of profits offshore by multinational corporations according to a score by Congress’s Joint Committee on Taxation.


New Offshore Leak Raises Concerns about House Tax Bill

Lawmakers Must Investigate How Proposed Legislation Will Address Offshore Loopholes Highlighted in New ‘Paradise Papers’ Leak

WASHINGTON, D.C. — A new leak of documents from an offshore law firm, published by an international network of news outlets Sunday, expose a number of tax avoidance techniques used by the wealthy and multinational corporations to avoid taxes.


President’s Expected Statement on Tax Giveaway to Multinationals Is Inaccurate

History Shows Tax Giveaways on Offshore Profits Neither Create Jobs nor Spur Investment

WASHINGTON, D.C. — The president is expected to claim in a speech Wednesday afternoon that a zero percent tax rate for multinational corporations that book profits offshore and a tax holiday for those multinationals that have already booked stockpiles of money offshore will increase the pay of the average American household by $4,000 — an erroneous notion according to the FACT Coalition.


Welcome Earnings-Stripping Decision in Stark Contrast to Administration’s Tax Overhaul Proposals

Alternative Group of Lawmakers Unveils Proposals that Would End the Offshore Gaming

WASHINGTON, D.C. — The Treasury Department announced that it would maintain an important rule to curb offshore tax avoidance Wednesday, a move that stands in contrast to the administration’s proposals to make it easier to avoid taxes by booking profits offshore, according to the FACT Coalition.


A Tax Plan for the Cayman Islands and Switzerland

Administration and Congressional Leaders Unveil Plan to Allow Multinationals to Pay Little-to-No Taxes on Profits Booked Offshore at Expense of U.S. Businesses and U.S. Taxpayers

WASHINGTON, D.C. — The White House and congressional leaders unveiled a joint tax plan today that would allow multinational corporations to pay little-to-no taxes on the profits they book offshore.