FACT Coalition Awarded Smith Bagley Memorial Grant
In recognition of its efforts on corporate issues, the Financial Accountability and Corporate Transparency (FACT) Coalition was awarded the Arca Foundation’s Smith Bagley Memorial Grant.
Tax Loopholes Lure American Companies to Renounce American Citizenship Reminder on Nation’s Birthday of a Wave of Inversions
As the nation pauses to mark its birthday with celebrations and fireworks displaying pride in country and patriotism, the FACT (Financial Accountability and Corporate Transparency) Coalition is marking the day by expressing its view on tax loopholes that are encouraging quintessentially American companies to renounce their citizenship when it comes to paying taxes.
FACT Lauds FATCA Implementation
As the Foreign Account Tax Compliance Act (FATCA) takes effect, the FACT (Financial Accountability and Corporate Transparency) Coalition is welcoming its implementation and with it a new era in combatting offshore tax evasion.
New Legislation Targets Multinationals that Renounce U.S. Citizenship to Dodge Taxes
The FACT (Financial Accountability and Corporate Transparency) Coalition hails the introduction of legislation to close the “inversion” loophole.
FACT Opposes Tax Breaks in Senate Bill That Shift Profits and Jobs Off-Shore
With the Senate set to take up consideration of a package of over 50 tax breaks, the FACT (Financial Accountability and Corporate Transparency) Coalition is reminding the American people of two of the more egregious breaks included in the bill and of their impact on this country.
FACT Statement on Ways and Means Vote
“The House Ways and Means Committee should reject two tax breaks that benefit tax dodging corporations at the “expense of the rest of us. The controlled foreign corporation (CFC) look-through rule and the active financing exception have enabled multinational corporations to avoid U.S taxes by shifting profits to shell companies in tax havens around the globe.