The FACT (Financial Accountability and Corporate Transparency) Coalition today submitted comments to the Senate Finance Committee¹s Business Income Tax and International Tax Working Groups calling for a number of substantive changes in the tax code to restore fairness and to close loopholes that allow U.S. multinational corporations to avoid taxes.
The FACT (Financial Accountability and Corporate Transparency) Coalition today praised the passage of legislation in the United Kingdom to crack down on the use of anonymous shell companies with the creation of a public registry of corporate ownership. The new law brings increased pressure on the United States to follow suit.
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.
The Financial Accountability and Corporate Transparency (FACT) Coalition today praised the news that former Senator Carl Levin’s (D-MI) work on tax avoidance, transparency, and other issues will continue with the formation of the Levin Center at the Wayne State University Law School.
The FACT (Financial Accountability and Corporate Transparency) Coalition today released the following statement on the Obama Administration’s proposal regarding the taxation of foreign corporate profits. The statement is from Executive Director Rebecca Wilkins.
The FACT (Financial Accountability and Corporate Transparency) Coalition is praising the introduction today of the Stop Corporate Inversions Act by Senator Richard Durbin (D-IL) and Representative Sander Levin (D-MI).
