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We're Not Broke Video: How Do Billion-Dollar Corporations Cheat America Out of Tax Revenue?
April 9th, 2013
Every year, multinational corporations avoid billions of dollars in taxes globally by using abusive profit shifting to move revenue to tax havens and costs to jurisdictions where they actually do business. This is called transfer pricing, and is the biggest problem that the Task Force's Country-by-Country Reporting recommendation is designed to fix, by forcing publish exposure of where firms are reporting their figures. We're Not Broke, the documentary released last year on corporate tax avoidance and the movement to change it, is now available in segments on Youtube. And unlike our previous post on We're Not Broke, the segments are...
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FACT Coalition: Close Offshore Tax Loopholes, Save Taxpayers Nearly $200 billion
February 11th, 2013
WASHINGTON DC – In the midst of a Congressional and White House showdown over the impending sequestration, and growing calls for corporate tax reform, Senator Carl Levin (D-MI) and Senator Sheldon Whitehouse (D-RI) put forth the Cut Unjustified Tax Loopholes Act (S. 268, CUT Loopholes Act). This bill, which closes loopholes and strengthens enforcement measures against offshore tax haven abuse, could raise nearly $200 billion over ten years.
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End of the line for multinational tax abuse?
December 10th, 2012
Is it inevitable that multinational companies pay pitifully small sums in tax relative to huge profits? Not necessarily because amid growing political and public outrage at how multinationals organise their tax affairs, a new report today suggests there could be an alternative.
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