News & Events | Page 77 | The FACT Coalition

The Country Has Spoken

December 8, 2014

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.

Tax Extenders Package Would Renew Two Wasteful Tax Haven Loopholes

December 3, 2014

The FACT (Financial Accountability and Corporate Transparency) Coalition today called on Congress to reject the tax extenders package that includes two wasteful offshore loopholes that allow U.S. companies to dodge billions worth of taxes.

FACT Statement on Emerging Tax Extenders Compromise: $400 Billion in Tax Loopholes Are a Bad Deal for America

November 26, 2014

The FACT (Financial Accountability and Corporate Transparency) Coalition today issued the following statement on the tax extenders compromise legislation that is taking shape on Capitol Hill.

FACT Urges Congress to End Offshore Corporate Tax Dodging via Extenders & Inversions

November 11, 2014

As Congress prepares to return to Washington for a post-election “lame duck” session, the FACT Coalition (Financial Accountability and Corporate Transparency) urges it to do the right thing and pass legislation to halt inversions as well as let the most egregious offshore tax extenders remain expired.

FACT Coalition Welcomes AbbVie Decision to Remain in U.S. — Public Outrage & Treasury Rules Working

October 22, 2014

The FACT (Financial Accountability and Corporate Transparency) Coalition is today commending AbbVie Inc. on its announcement that the pharmaceutical maker has decided not to purchase the Ireland-based company, Shire Plc., and its decision to remain in the United States.

FACT Calls for Strengthening of Treasury’s Anti-Money Laundering Proposal to Curb Abuse of Anonymous Companies

October 6, 2014

The FACT (Financial Accountability and Corporate Transparency) Coalition submitted comments to the U.S. Treasury Department on Friday welcoming the government’s proposed rule to require U.S. banks to know the true owner of all accounts opened in their institutions as a step toward pushing dirty money out of the American financial system, while cautioning that several elements of the proposal need to be strengthened.