The FACT Coalition and Americans for Tax Fairness submitted comments to the Senate Finance Committee in response to its International Taxation Overhaul Discussion Draft.
FACT recently sent comments to the Financial Action Task Force (FATF) urging the international body to adopt more robust beneficial ownership recommendations as part of its public consultation on Recommendation 24.
Concerns about competitiveness and how the OECD negotiations may interact with U.S. international tax reform consistent with the President’s Made in America Tax Plan, the Senate Finance Committee Framework for International Tax Reform, and the No Tax Breaks for Outsourcing Act, or NTBOA (H.R. 1785), are overstated—or, worse—purposefully misleading. To improve competitiveness for American working families and domestic businesses, and to ensure an OECD agreement is reached, Congress should act now on U.S. international tax reform.
What do the Iranian government, a fugitive international jeweler, and a disgraced Harvard University fencing coach have in common? They have all used U.S. real estate to launder their ill-gotten gains. In Acres of Money Laundering: Why U.S. Real Estate is a Kleptocrat’s Dream, Global Financial Integrity (GFI) dives into the murky world of global money laundering and demonstrates the ease with which kleptocrats, criminals, sanctions evaders, and corrupt government officials choose the U.S. real estate market as their preferred destination to hide and launder proceeds from illicit activities.
An Overview of US International Corporate Tax Laws and a Comparison of Current Proposed Plans to Change Them
FACT Sends Letter to Congressional Leadership Urging Action to Implement Biden’s Reforms on International Tax Law