With U.S. corporations fleeing, or planning to flee, the country to avoid taxes, and the Senate Finance Committee scheduled to hold hearings on the U.S. tax code with an emphasis on corporate inversions, the FACT (Financial Accountability and Corporate Transparency) Coalition supports efforts to ensure that U.S. multinational corporations remain in the country and pay their fair share of taxes.
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.
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.
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.
The FACT (Financial Accountability and Corporate Transparency) Coalition hails the introduction of legislation to close the “inversion” loophole.
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.
