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

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

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.


Free Enterprise Is Not Free

By Nicole Tichon

There’s been a lot of talk about what we can’t afford as a nation and who is getting what “gift” or which free ride. When President Obama met with CEOs and chatted with Jamie Dimon over the weekend, we should hope he issued a stern warning that the tax avoidance games (legally) played by big banks and multinational corporations are on the chopping block. When it comes to cutting, eliminating and restructuring things, these loopholes should be top-of-mind for all leaders.