Tax Avoidance | Page 5 | The FACT Coalition

President’s Expected Statement on Tax Giveaway to Multinationals Is Inaccurate

October 11, 2017

History Shows Tax Giveaways on Offshore Profits Neither Create Jobs nor Spur Investment
WASHINGTON, D.C. — The president is expected to claim in a speech Wednesday afternoon that a zero percent tax rate for multinational corporations that book profits offshore and a tax holiday for those multinationals that have already booked stockpiles of money offshore will increase the pay of the average American household by $4,000 — an erroneous notion according to the FACT Coalition.

Letter to Sens. Hatch and Wyden Regarding Hearing on “International Tax Reform”

October 3, 2017

The FACT Coalition sent a letter to Senators Orrin Hatch and Ron Wyden, chairman and ranking member, respectively, of the Senate Committee on Finance, with recommendations on how to improve the international tax system ahead of the October 3, 2017 hearing on “International Tax Reform.”

Joint Letter to Congress from 100-Plus Groups Opposing “Territorial Tax System”

October 2, 2017

The FACT Coalition joined 100 other groups in sending a letter to Congress on Monday, October 2, 2017 opposing a proposal to allow multinationals to pay low-to-no taxes on the profits they booked offshore, also known as a “territorial tax system.”

Over 100 Organizations Urge Congress to Reject Giant Tax Loophole for Offshoring and Tax Avoidance

October 2, 2017

GOP Leadership’s Proposal for a “Territorial Tax System” Would Encourage Corporations to Send Jobs Offshore and Avoid Paying Taxes
WASHINGTON, D.C. — Today, over 100 organizations sent a letter urging members of Congress to reject a proposal that would allow U.S. multinational corporations to pay little to nothing on their offshore profits.

Letter to the IRS Supporting Treasury’s Corporate Inversion Regulations

August 7, 2017

The Financial Accountability and Corporate Transparency Coalition (FACT Coalition) sent a letter to the IRS in support of the Department of the Treasury’s Final and Temporary Regulations under Section 385 on the Treatment of Certain Interests in Corporations as Stock or Indebtedness. The full letter can be read below or downloaded here.

After Death of BAT, Time to Fix the Gaming of the Corporate Tax System

July 28, 2017

Statement of the FACT Coalition on the “Joint Statement on Tax Reform”
WASHINGTON, D.C. — A group of Administration and Congressional leaders known as the “Big Six” released a joint statement outlining their priorities for reforming the tax code Thursday.