Today’s announcement by the OECD that U.S.-headquartered corporations will continue to be exempt from key elements of the global minimum tax regime represents a regrettable setback for the global fight against corporate tax avoidance.
FACT provides Senate testimony twice in one week, and Treasury’s new draft rules for real estate transactions and investment advisers draw the U.S. closer to shedding it’s status as the world’s number-one destination for dirty money.
Read FACT policy director Zorka Milin’s full written testimony before the Senate Budget Committee, which details policy recommendations to curb offshore tax evasion by individuals and major multinationals.
