Press Releases & Statements | Page 36

FACT Praises Introduction of Bills to Curb Abusive Tax Dodging by Multinationals

November 9, 2015

Putting America First Corporate Tax Act Would End Loophole Enabling Largest Companies to Indefinitely “Defer” Paying Taxes on Offshore Profits
Corporate Fair Share Tax Act Would Deter Multinationals from Renouncing American Citizenship to Avoid Paying Taxes
WASHINGTON, DC – The FACT (Financial Accountability and Corporate Transparency) Coalition welcomed the introduction of two pieces of legislation by Representative Mark Pocan (D-WI) to close corporate tax loopholes costing U.S. taxpayers hundreds of billions of dollars.

Study: Offshore Tax Dodging by U.S. Multinationals Costs Taxpayers $90 Billion per Year

October 6, 2015

Research Increases Pressure on Congress to Address the Hemorrhaging of the American Tax Base
OECD’s Base Erosion and Profit Shifting (BEPS) Package “Important First Step” Towards Curtailing Abusive Tax Avoidance, but More Must Be Done
WASHINGTON, DC – The Financial Accountability and Corporate Transparency (FACT) Coalition applauded a new report from two of its members detailing the serious consequences of offshore tax haven abuse on U.S. taxpayers. Published today by Citizens for Tax Justice and the U.S. Public Interest Research Group Education Fund (U.S. PIRG), the study reveals that the nation’s largest multinational corporations dodge nearly $90 billion in U.S. taxes annually through the abuse of offshore tax haven loopholes, shifting the country’s tax burden onto small businesses and individual Americans.

FACT Coalition Urges Congress to Reject Permanent Extension of “Egregious” Tax Loopholes

September 16, 2015

House Ways and Means Committee Set to Consider Enshrining “CFC Look-Through Rule” and “Active Financing Exemption” Thursday
Unpaid-for Corporate Giveaways to Cost American Taxpayers $100 Billion
WASHINGTON, DC – The Financial Accountability and Corporate Transparency (FACT) Coalition called on Members of Congress today to strongly reject pending legislation that would cost American taxpayers $100 billion over the next decade by enshrining egregious tax loopholes which reward multinational companies for artificially shifting profits overseas.

Tax Extenders Would Renew Two Wasteful Tax Haven Loopholes U.S. Cannot Afford These Special Interest Spending Earmarks

July 21, 2015

The FACT (Financial Accountability and Corporate Transparency) Coalition is today calling on Congress to reject two tax extenders that are nothing more than offshore loopholes which allow U.S. companies to dodge billions worth of taxes.

Rich Countries Chose the Interests of the Powerful Over the Needs of the People in Rejecting U.N. Tax Body

July 17, 2015

The FACT (Financial Accountability and Corporate Transparency) Coalition today expressed its frustration and disappointment over a missed opportunity to form a United Nations Intergovernmental Tax Body as participants at the 3rd Financing for Development Conference (FfD) in Addis Ababa, Ethiopia failed to come to an agreement.

A Tax Avoidance Christmas Wish List for Multinationals

July 10, 2015

The FACT (Financial Accountability and Corporate Transparency) Coalition today released the following statement on the release by the Senate Finance Committee International Tax Bipartisan Tax Working Group Report. The statement is from Executive Director Rebecca Wilkins: