Our @factcoalition.bsky.social letter in @taxnotes.com clears the air on our recent analysis and its unmistakable conclusion that many big US companies are slashing their taxes through offshore tax structures, and current US rules aren’t doing much to stop them. www.taxnotes.com/tax-notes-to...

If America is serious about taxing the rich, Congress needs to focus on policies that can’t be undermined. Here’s how lawmakers can create a more progressive tax system resilient to legal challenges and executive branch interference. itep.org/resilient-co...

Instead of these divisive tax cut proposals, let's all agree to tax the big corporations that profit at everyone's expense. Right now, Americans are paying too much for gas & medicine, while oil & pharma profits are barely taxed, as I explained in Congress last week: bsky.app/profile/fact...

Happy International Workers Day #MayDay Solidarity and gratitude to our @factcoalition.bsky.social coalition labor members @aflcio.org @afscme.bsky.social @seiu.org

Great deep dive by @tombergin.bsky.social on Tesla's questionable international tax practices. I'll add: while Tesla has found a way to shortchange the US, they are paying 27 times more tax to China than to the US government! America-first, or China-first?

"There could be no greater gift to the fentanyl traffickers, fraudsters, and U.S. adversaries that rely on the anonymity that shell companies provide than gutting the Corporate Transparency Act." Erica Hanichak, @factcoalition.bsky.social

Thanks to @icij.org for covering my Congressional testimony last week about the tax haven games played by Merck and other pharma companies.

88 corporations paid $0 in federal income tax for 2025. Some of these companies want to distract you with other taxes they paid, but that doesn't change the fact that their $0 federal income tax bill is disclosed right in their own financial reports. itep.org/88-corporati...

A bill "that would effectively repeal the Corporate Transparency Act, the most important anti-money laundering reform in a generation" is advancing through Congress. We've reported on this rollercoaster on the #Taxcast podcast. Ahead of the mid-terms? Years of @factcoalition.bsky.social work on this

Thanks to Rep. Brad Sherman for his spirited defense of the Corporate Transparency Act at today's HFSC markup, and for shouting out FACT's role in advancing this critical law. As Rep Sherman says, H.R. 425's repeal of the CTA would be a gift to scammers and fraudsters.

The current corporate tax code that encourages offshore tax avoidance isn't "America-first," it's "Corporations-first, Americans-last" FACT policy director @zorkamilin.bsky.social speaking now at @usprogressives.bsky.social 's shadow hearing on tax policy reforms to end corporate greed.

"Amid skyrocketing oil prices and concerns about ordinary Americans subsidizing Big Oil’s expected super profits at the pump, new disclosures show how the U.S. continues to inadequately tax its oil majors." @factcoalition.bsky.social @zorkamilin.bsky.social thefactcoalition.org/oil-and-gas-...

Check out our new @factcoalition.bsky.social analysis: thefactcoalition.org/oil-and-gas-...

America's tax code is tilted to big multinational corporations - and domestic small businesses know it. That's why they overwhelmingly support closing corporate loopholes like the egregious one that lets big pharma "round-trip" their profits from US sales via offshore tax havens.

Fantastic tax journalism by @caitlinreilly.bsky.social This is just the domestic corporate tax breaks, to say nothing of the offshore tax games played by big US corporations--which our tax code fails to stop. Here's our @factcoalition.bsky.social analysis: thefactcoalition.org/major-americ...

Read FT coverage of our @factcoalition.bsky.social analysis of newly-required tax accounting disclosures and @wyden.senate.gov investigation into Pfizer: www.ft.com/content/9617...

Check out the @financialtimes.com's coverage of the FACT Coalition's analysis of Big Pharma tax disclosures. Tax dodging on an epic scale. Revelations a result of @factcoalition.bsky.social campaigning. giftarticle.ft.com/giftarticle/...

@reuters.com on our reaction to misguided ruling today. "FACT Executive ⁠Director Ian ​Gary said in a statement, 'The district ​court in Texas has just sided with cartels, money launderers, and U.S. adversaries.' " @factcoalition.bsky.social www.reuters.com/legal/govern...

"We expect the government to swiftly appeal this outlier decision and the appellate court to overturn it." - FACT's @ianpgary.bsky.social Read FACT's full reaction to yesterday's misguided court decision blocking enforcement of Treasury's real estate AML rule: thefactcoalition.org/federal-dist...

Big American corporations are reaping billions in tax savings from tax havens. But don't blame the tax havens: blame the US tax code for being too weak to stop this. Our latest @factcoalition.bsky.social analysis of newly-required corporate tax disclosures: thefactcoalition.org/major-americ...

New #tax disclosure requirements are reaffirming what FACT has long argued: that the U.S. tax code continues to encourage American companies to stash profits in tax havens. Read the full analysis from FACT's Thomas Georges and @zorkamilin.bsky.social here: thefactcoalition.org/major-americ...

Looking forward to next week's EU Tax Symposium co-organised by @europarl.europa.eu & @ec.europa.eu #TaxMix2050 I'll be speaking on a panel about the future of the global minimum tax and "side-by-side" approach. Join us in Brussels or online for this timely and critical discussion.

📢 FRIDAY WEBINAR | 𝐓𝐨𝐰𝐚𝐫𝐝𝐬 𝐚 𝐟𝐞𝐦𝐢𝐧𝐢𝐬𝐭 𝐟𝐢𝐬𝐜𝐚𝐥 𝐬𝐲𝐬𝐭𝐞𝐦: 𝐭𝐡𝐞 𝐧𝐞𝐠𝐨𝐭𝐢𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐚 𝐔𝐍 𝐓𝐚𝐱 𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧 Take part in the close of the 10th Global Days of Action on Tax Justice for Women's Rights. 📅 Friday, March 6 ⏰ 2–3pm CET 🗣️ English, Spanish, & French 🔗 Register here: bit.ly/gdoa-close

A new report from @americanprogress.bsky.social reveals that the US subsidizes fossil fuels more than renewable energy sources. “Policymakers must stop forcing Americans to pick up the tab for dirty fossil fuel production that is harming Americans’ health and environment.”

WaPo "Fossil fuel giant wins $370 million tax break for burning gas as an ‘alternative fuel’" - quotes @factcoalition.bsky.social @zorkamilin.bsky.social. "Company CEO Jack Fusco donated at least $250,000 to Trump campaign." wapo.st/474VZmf

This weekend, I was interviewed by @eisendrath.net about the work of the FACT Coalition to stop dirty money and financial secrecy. Listen in! @factcoalition.bsky.social omny.fm/shows/democr...

A new report from @americanprogress.bsky.social reveals that the US subsidizes fossil fuels more than renewable energy sources. “Policymakers must stop forcing Americans to pick up the tab for dirty fossil fuel production that is harming Americans’ health and environment.”

DEADLINE FRIDAY: FACT is seeking a new Executive Director to lead our work fighting against illicit finance and unfair tax codes. The deadline for applications is February 27. Qualified candidates can learn how to apply here: thefactcoalition.org/about-us/car...

"The reduction in supervisory staff at the IRS matches a trend we’ve seen across AML enforcement agencies. This sends the signal that the US is open to dirty money. It undermines our national security and market integrity." Erica Hanichak, @factcoalition.bsky.social

Despite claims to the contrary, fossil fuels have received far more subsidies from the federal government than renewables—since 1918: $549 billion, nearly 3x what renewables have received. https://www.americanprogress.org/article/5-hidden-ways-the-government-rigs-the-market-in-favor-of-fossil-fuels/

U.S. oil companies should not get taxpayer subsidies to drill in Venezuela - or anywhere else. My latest opinion piece for the @factcoalition.bsky.social in The Hill today. thehill.com/opinion/5734...

EVENT - RSVP now for a book talk with Oliver Bullough on Feb. 26th. The Guardian calls his new book a “jaw-dropping exposé". thefactcoalition.org/fact-book-ta...

My thoughts on new US tax accounting disclosures, for @bloombergtax.com: "These new disclosures are a major improvement on what we’ve had before. The hope is that with more public scrutiny, big multinationals are less likely to play offshore tax games that put investors at risk."

"What do (US corporations) Pepsi and Boeing have in common? They both paid more in taxes to foreign governments than to the United States last year." New analysis based on new disclosures from our friends @factcoalition.bsky.social thefactcoalition.org/new-corporat... It is shameful

"When the US is not part of multilateralism, there is a risk that it becomes a tax haven for citizens from other countries." 💬 @zorkamilin.bsky.social

Between four noted tax havens (Bermuda, Switzerland, Ireland, and Singapore) PepsiCo is reporting it reduced its income taxes for 2025 by $661m, utterly dwarfing the effect of U.S. anti-abuse rules like GILTI. Current U.S. tax rules are clearly not dissuading companies from the use of tax havens.

"Africa faces a profound challenge with IFFs on the order of hundreds of billions of dollars per year leaking from the continent." Excellent analysis from Global Financial Integrity on the problem of trade-related flows from Africa. Read the full report here: gfintegrity.org/report/trade...

Despite exempting US multinationals at the expense of public revenue, the latest #OECD tax deal preserves the important corporate global minimum tax. Check out @fairtaxfoundation.bsky.social for a more detailed analysis of the side-by-side deal here: fairtaxmark.net/the-global-m...

SAVE THE DATE: On February 26, FACT will host journalist and bestselling author @oliverbullough.bsky.social for a virtual discussion of his new book, “Everybody Loves Our Dollars: How Money Laundering Won”. Keep an eye on our page for further details! www.ft.com/content/e1fb...

For the 2nd straight year, Tesla reports making billions of dollars in the US and not paying one cent of federal income tax. This is a feature, not a bug, of the federal corporate tax laws now in place. R&D credits, bonus depreciation, executive stock options made it happen. itep.org/tesla-report...

FACT's @jyansura.bsky.social is about to speak at TEFOS El Bosque es Futuro, a collaboration between @unodc.bsky.social, and the UK government to address deforestation in Colombia. Special thanks to GAFILAT and the Wildlife Justice Commission! Watch the panel here: www.youtube.com/live/XMV4FkD...

Check out FACT policy director @zorkamilin.bsky.social's interview with @criticaltakes.bsky.social on the latest #OECD tax deal's carveout for US multinationals, and its implications for tax reform:

FACT's @zorkamilin.bsky.social and @thomasgeorges.bsky.social are quoted in @forbes.com's coverage of the latest OECD deal: "The best way to protect American companies is not to demand special treatment, but to ensure that these companies pay their fair share at home.” www.forbes.com/sites/kellyp...

Victory! - The FACT Coalition campaigned for years to get greater tax transparency from multinational companies. With new Financial Accounting Standard Board rules we are getting results. @factcoalition.bsky.social @zorkamilin.bsky.social @itep.org www.wsj.com/articles/com...

New on Critical Takes on Corporate Power: This month the US arm-twisted other countries into agreeing an opt-out for US corporations from the OECD's Pillar Two minimum tax rate. What does it mean for tax reform? @zorkamilin.bsky.social explains. Listen here: criticaltakes.org/tax-and-prof...

FACT is #hiring! We are seeking a new highly-qualified Executive Director to lead our work combating the harmful impacts of illicit finance on communities, global security, and the environment. Qualified candidates can learn how to apply here: thefactcoalition.org/about-us/car...

"For better or worse, what happens in the United States affects the fight against corruption worldwide." Great new blog from @anticorruption.bsky.social's Gary Kalman on how US policy decisions can create gobal corruption risks. Read the full piece here: www.transparency.org/en/blog/corr...

Are you a proven leader with non-profit, foundation, campaign, or government office experience? Are you interested in leading a coalition focused on addressing illicit finance and corporate tax dodging? If so, apply to be our new Executive Director here: thefactcoalition.org/about-us/car...

A big appeals court win for the Corporate Transparency Act and more in the latest FACT Coalition newsletter. Plus, apply to be my successor! @factcoalition.bsky.social #JOB thefactcoalition.org/just-the-fac...

In the latest edition of Just the FACTs: - FACT is hiring! -Pillar Two Lives to Fight Another Day -CTA Wins in Federal Court - Hochul vetoes LLC Transparency Act amendment - Treasury delays AML safeguards for private investment markets - and more: thefactcoalition.org/just-the-fac...