FACT Sheet: Overview of US International Corporate Tax Law
An Overview of US International Corporate Tax Laws and a Comparison of Current Proposed Plans to Change Them
An Overview of US International Corporate Tax Laws and a Comparison of Current Proposed Plans to Change Them
US multinational corporations currently pay little to no US tax on their foreign profits, which incentivizes these companies to shift profits and real operations to tax havens.
More than 100 investors, small business associations, NGOs, and unions have voiced their support for country by country reporting of important financial information.
A Brief Summary of The Corporate Transparency Act of 2019.
Requiring multinational corporations to publicly report basic financial information on a country-by-country basis will reduce the abuse of tax havens and help investors assess tax-related risk.
Anonymous companies allow counterfeiters and internet pirates to traffic and smuggle illicit goods — undercutting legitimate commerce, markets, and financial systems. Further, illicit trade threatens critical national industries and local economies, placing consumers at risk and harming the market reputational value of American brands and companies.