Press

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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Releases of Model for the Automatic Exchange of Financial Information Statement from FACT Coalition Director Nicole Tichon

Following today’s announcement by the OECD (Organization for Economic Co-operation and Development) of the release of their “Standard for Automatic Exchange of Financial Account Information: Common Reporting Standard,” the FACT (Financial Accountability and Corporate Transparency) Coalition released the following statement from its Director, Nicole Tichon:

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FACT and Partners on Baucus International Tax Proposal: “Proposal Falls Short” Says Formal Letter to Committee Cites Three Critical Flaws

The FACT (Financial Accountability and Corporate Transparency) Coalition along with partners from small business, faith, labor and public interest groups submitted a formal response to Chairman Max Baucus (D-MT) and the Senate Finance Committee, calling his proposed changes to the international tax system as falling short “…in three critical ways and leaves room for the offshoring of jobs and profits to continue.”

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FACT Applauds Legislation To Close Most Abused Corporate Tax Loopholes

The FACT (Financial Accountability and Corporate Transparency) Coalition today praised Representative Lloyd Doggett (D-TX) and Representative Rosa DeLauro (D-CT) for the introduction of the Sequester Delay and Stop Tax Haven Abuse Act. Among other things, this legislation would close or tighten tax loopholes that have been used by some of the most profitable multinational corporations – Apple, Hewlett-Packard, Microsoft and Nike – to avoid paying their fair share of taxes. Some tax loopholes allow corporations to use complex accounting schemes to make it appear that profits earned in the United States are actually generated in other countries, often a tax haven with little or no tax on profits.

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