Tax Extenders | Page 2 | The FACT Coalition

The Country Has Spoken

December 8, 2014

While the dust is still settling from the mid-term elections and the pundits are trying to figure out what it all means, the American people have made their collective voices heard and delivered a message that they do not like the country’s direction. Exit polling data from Election Day showed clear majorities in against growing corporate influence on the political process and in favor of greater corporate accountability. The message is clear: Inversions must stop, corporate tax avoidance must end, and special corporate loopholes must close.

Tax Extenders Package Would Renew Two Wasteful Tax Haven Loopholes

December 3, 2014

The FACT (Financial Accountability and Corporate Transparency) Coalition today called on Congress to reject the tax extenders package that includes two wasteful offshore loopholes that allow U.S. companies to dodge billions worth of taxes.

FACT Statement on Emerging Tax Extenders Compromise: $400 Billion in Tax Loopholes Are a Bad Deal for America

November 26, 2014

The FACT (Financial Accountability and Corporate Transparency) Coalition today issued the following statement on the tax extenders compromise legislation that is taking shape on Capitol Hill.

FACT Urges Congress to End Offshore Corporate Tax Dodging via Extenders & Inversions

November 11, 2014

As Congress prepares to return to Washington for a post-election “lame duck” session, the FACT Coalition (Financial Accountability and Corporate Transparency) urges it to do the right thing and pass legislation to halt inversions as well as let the most egregious offshore tax extenders remain expired.

Joint Senate Letter on Tax Extenders, May 13 2014

May 13, 2014

FACT and a number of other organizations sent the attached letter to Senators in May 2014 regarding the tax extenders.

FACT Statement on Ways and Means Vote

April 28, 2014

“The House Ways and Means Committee should reject two tax breaks that benefit tax dodging corporations at the “expense of the rest of us. The controlled foreign corporation (CFC) look-through rule and the active financing exception have enabled multinational corporations to avoid U.S taxes by shifting profits to shell companies in tax havens around the globe.