Financial Transparency Coalition

Mr. President, I am introducing today with my colleagues Senators Bill Nelson, Sanders, Shaheen, and Whitehouse, the Stop Tax Haven Abuse Act, legislation which is geared to stop the $100 billion yearly drain on the U.S. treasury caused by offshore tax abuses. Offshore tax abuses are not only undermining public confidence in our tax system, but widening the deficit and increasing the tax burden on middle America.

I live in Oregon where there is no sales tax. Before I moved here, I took the sales tax for granted. If a bottle of coke costs $1.00 then you can expect to dole out a dollar bill and some change. Now, I go to a restaurant and my bill always comes in a rounded figure. Imagine that! But I digress. The lack of a sales tax gives Oregon something of an advantage of its neighbors to the North and South. Many who live in Vancouver, Washington, for example, will venture across the border...

Contact: Senator Levin’s Office Phone: 202.224.6221 U.S. Senator Carl Levin Introduces Nicholas Shaxson, Author of the New Book “Treasure Islands,” at the National Press Club Full Text, Speech as Prepared for Delivery Good morning. I’d like to thank Nick Shaxson and the Financial Accountability and Corporate Transparency Coalition for inviting me to discuss for a

Statement of Senator Carl Levin (D-Mich) on the disclosure of the annex to the U.S.-Swiss Settlement agreement in the UBS case.