Op-Eds

Legalized Cheating

By Gary Kalman

Massive corporations are cheating us out of trillions of dollars that our infrastructure desperately needs. And none of it is illegal.

Crumbling bridges, abandoned schools, stalled plans for green energy—name a problem with American infrastructure, and someone will tell you the issue is a simple lack of funds.

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Tax Notes Op-Ed: What Apple Teaches About How Not to Reform Corporate Taxes

By Gary Kalman

In this article—originally published in Tax Notes—FACT Executive Director Gary Kalman uses the recent Apple tax ruling by the European Commission to identify problems with proposals for a territorial tax system in the United States. He argues that policymakers should instead focus on ending deferral, requiring public country-by-country reporting, and adopting provisions of the Stop Tax Haven Abuse Act.

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Fortune Magazine Op-Ed: It’s Time for the U.S. to Deal With Tax Evaders

By Clark Gascoigne

America Is the World’s Newest Tax Haven

If I asked you to name the world’s biggest tax haven, you might come up with the Cayman Islands, Bermuda, or Luxembourg. Those of you following the recent series of so-called “corporate tax inversions” might guess Ireland.

You probably wouldn’t think of the United States, but the latest edition of Bloomberg Businessweek points its finger squarely at Uncle Sam—and not without reason.

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New York Times Letter: Real Estate Transparency

By Clark Gascoigne

In a New York Times letter, FACT’s Clark Gascoigne writes that Treasury’s plan falls short of what’s needed to combat the financial system’s role as a money-laundering haven.

To the Editor:

Re “Property Sales Get U.S. Scrutiny” (front page, Jan. 14):

The Treasury Department’s plan to scrutinize the secret companies buying real estate in New York and Miami is a welcome first step toward cleaning up parts of the real estate market, but it falls far short of what’s truly needed to combat the United States financial system’s role as a major money-laundering haven.

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Grassley, Iowa Could Stop Hidden Ownership

By Rebecca Wilkins

We need a system of increased accountability with a public registry of the people who really control companies. It’s time to shut down the ability to hide the owners and bring them out of the shadows for everyone to see.

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Endorsing Tax Evasion

By Rebecca Wilkins

A vote in favor of repealing FATCA sends a message: a message to foreign banks that they can get back to helping wealthy Americans hide their assets and use offshore accounts to evade tax.

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The Country Has Spoken

By Jaimie Woo

While the dust is still settling from the mid-term elections and the pundits are trying to figure out what it all means, the American people have made their collective voices heard and delivered a message that they do not like the country’s direction. Exit polling data from Election Day showed clear majorities in against growing corporate influence on the political process and in favor of greater corporate accountability. The message is clear: Inversions must stop, corporate tax avoidance must end, and special corporate loopholes must close.

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Partnership to Build America Won’t

By Nicole Tichon

Don’t Reward Corporations for Bad Behavior

With any opportunity that seems too good to be true, there is often a fatal flaw.

That is the case with The Partnership to Build America Act, introduced by Rep. John Delaney (D-Md.), which seems to be gaining more and more support and was even embraced by President Obama in his State of the Union address.

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Free Enterprise Is Not Free

By Nicole Tichon

There’s been a lot of talk about what we can’t afford as a nation and who is getting what “gift” or which free ride. When President Obama met with CEOs and chatted with Jamie Dimon over the weekend, we should hope he issued a stern warning that the tax avoidance games (legally) played by big banks and multinational corporations are on the chopping block. When it comes to cutting, eliminating and restructuring things, these loopholes should be top-of-mind for all leaders.

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