Financial Transparency Coalition

WASHINGTON, DC – News that Rupert Murdoch’s News Corp. donated $1 million to the U.S. Chamber of Commerce (Chamber) months before the Chamber issued a proposal to relax elements of the nation’s flagship anti-corruption legislation, the Foreign Corrupt Practices Act (FCPA), highlights the need to fully understand the ties between the Chamber and companies charged under the FCPA.

"Real patriots pay their fair share of taxes. They don’t run out on the bill," write Scott Klinger and Holly Sklar. Some of our nation’s biggest corporations are planning a tax holiday and they want you to pick up the tab. Actually, you already pay for their routine tax avoidance through the use of tax havens in Bermuda, the Cayman Islands and elsewhere. These accounting acrobatics cost the U.S. Treasury $100 billion a year. Now they want Congress to pass a special tax holiday for money they “repatriate” back to the United States. There’s nothing patriotic about this repatriation being pushed by...

WASHINGTON, DC – Sen. Carl Levin, D-Mich., and several other senators have introduced a bill to close offshore tax loopholes and strengthen offshore tax enforcement.

If Congress fails to raise the debt ceiling before August 2nd, there will be an economic Armageddon. In the overwhelming majority of cases, I’m opposed to this sort of sensationalist statement. American politics has become far too wrapped up in overstating the consequences of a particular moment, occurrence, or action. Even economists, who as a general rule are a pretty levelheaded bunch, have exhibited a strong tendency to sound sensational over the last few years. The reason for this, partly, is that the Great Recession has brought with it a series of critical economic moments that really have required swift and...