News Releases

Stopping Unpatriotic Corporate Inversions: A Vital First Step in Corporate Tax Reform

With U.S. corporations fleeing, or planning to flee, the country to avoid taxes, and the Senate Finance Committee scheduled to hold hearings on the U.S. tax code with an emphasis on corporate inversions, the FACT (Financial Accountability and Corporate Transparency) Coalition supports efforts to ensure that U.S. multinational corporations remain in the country and pay their fair share of taxes.

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Tax Loopholes Lure American Companies to Renounce American Citizenship Reminder on Nation’s Birthday of a Wave of Inversions

As the nation pauses to mark its birthday with celebrations and fireworks displaying pride in country and patriotism, the FACT (Financial Accountability and Corporate Transparency) Coalition is marking the day by expressing its view on tax loopholes that are encouraging quintessentially American companies to renounce their citizenship when it comes to paying taxes.

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FACT Lauds FATCA Implementation

As the Foreign Account Tax Compliance Act (FATCA) takes effect, the FACT (Financial Accountability and Corporate Transparency) Coalition is welcoming its implementation and with it a new era in combatting offshore tax evasion.

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Anonymous Shell Companies Are Part of the Problem, Too

As the Senate Judiciary Committee prepares to consider a Constitutional Amendment to address the issue of unlimited campaign spending by corporations, wealthy donors and other special interests, the FACT (Financial Accountability and Corporate Transparency) Coalition is calling attention to the troubling use of anonymous shell companies in this area.

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FACT Statement on Ways and Means Vote

“The House Ways and Means Committee should reject two tax breaks that benefit tax dodging corporations at the “expense of the rest of us. The controlled foreign corporation (CFC) look-through rule and the active financing exception have enabled multinational corporations to avoid U.S taxes by shifting profits to shell companies in tax havens around the globe.

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