"Rather than expand fossil fuel subsidies, lawmakers should close offshore tax loopholes that reward overseas extraction, reform how foreign profits are taxed, and require greater tax transparency so that Americans can see where profits are earned and taxes are paid."

President Trump's unprecedented abuse of pardons has a huge cost, and it's borne largely by the victims, to the tune of ~$1.4 billion in crime proceeds that criminals got to keep, thanks to Trump.

Almost every deformity of our politics, economy and culture are downstream of this essential problem. A key element of our great elite impunity problem is that the ultrawealthy avoid taxation, in simple and legal fashion. (Because we have the wrong definition of income in our obsolete tax code.)

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...

"The Trump administration treats the U.S. Treasury Department like Make-A-Wish for corporations and private equity." @sen-ronwyden.bsky.social 🔥🔥 And: Senate Rs are a-ok with it!

Excellent @martinsandbu.ft.com chat with Michael Sandel. Favorite part: the call to "tighten corporate tax loopholes, but on the basis of “economic patriotism”, arguing that the companies using them are turning their backs on the country that made their profits possible." www.ft.com/content/7804...

Alt headline: Senate Rs* vote to make sure big corporations can get out of paying even minimum tax *except for Susan Collins

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...

A case for higher corporate tax rates from @taxpolicycenter.bsky.social Post-2025 US corporate tax is pretty much just taxing rents. "Because taxing rents doesn’t change behavior, rents can face a high, flat rate without harming the economy" taxpolicycenter.org/taxvox/case-...

We still haven't solved tax havens. "American Express lowered its corporate income taxes by $241m through operations on the island of Jersey in 2025....Without the Jersey effect, American Express's tax rate would have been 1.8% higher." via @richardrubindc.bsky.social www.wsj.com/livecoverage...

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."

The tax law passed by Congress last year let Amazon pay just $2.8B in federal income taxes—down from more than $7B in each of the prior two years. All while its profits jumped 44.5% to $89.5B. This is the same company that announced 16k layoffs last month.

Watch this space: After Trump & Musk gutted the IRS of employees who process tax returns, provide customer service, & hold corporate fat cats accountable, they're understaffed for tax season. What does that mean? Corporate cheats skate by & your returns get messed up & delayed.

The Emperor Augustus, whose accession to absolute rule in 27 BCE is generally taken as the end of the Roman Republic, always maintained that he was simply making the Republic great again - 'I restored the republic, then beset by the oppression of a faction, to freedom.'

Democracy dies in darkness, boycott Amazon

The first round of new #tax disclosures from big American companies represents the culmination of nearly a decade of advocacy by investors, FACT, and others. Read FACT's top takeaways from the new disclosures here: thefactcoalition.org/new-corporat...

"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

Love this! Can a federal politician please do the same for federal appropriations?

So great to have @zorkamilin.bsky.social @factcoalition.bsky.social on the #Taxcast, the @taxjustice.net podcast. We discuss the latest court ruling on the rollercoaster ride of the Corporate Transparency Act, & why on earth nations have agreed to exempt US companies from the global minimum corp tax

Our ED Chye-Ching Huang: "President Trump and his political appointees have strained and broken the laws protecting taxpayer privacy that the President is now invoking to try to enrich himself. Taxpayer privacy laws should protect everyone–whether they’re the president or not."

Why is GE paying all this tax to Singapore and not the US? Because this is what we get when US tax policy puts tax havens first. Clearly P2 rules are more stringent than the equivalent US rules (GILTI) which haven't managed to catch this in past years.

are we kidding us

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...

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...

This should be a bigger story: White collar criminals are running free so that Donald Trump can pursue his cruel immigration agenda. Trump is reassigning federal law enforcement officers who go after rich criminals to ICE. I’m calling for an investigation.

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 from us: It's not just tax season. It's 10-K season too. And this year, we're getting more granular information on where companies paid cash taxes. First up with the new-style disclosures are Netflix, Intel and SLB. 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...

Since taking office, Trump has diverted over 25,000 federal law enforcement personnel away from criminal fraud and corruption investigations in order to redeploy them to ICE for civil immigration enforcement.

Bobby is right: It’s not enough for Dems to just vote against new ICE funding. They should commit to taking away the slush fund.

Personal news! Very excited and honored to join the brilliant @rooseveltinstitute.org gang.

Looking back on the first year of the Trump administration. Gary Kalman, Director of @transparencyusa.bsky.social, reflects on corruption risks in the United States — from sanctions & anti-money-laundering measures to beneficial ownership — and their global impact. Read here ⬇️

A strong stand for the right to speak French, Italian and Romansh.

Over the last year, President Trump pardoned dozens of criminals. Combined, they were ordered to pay hundreds of millions of dollars in fines and restitution. Trump let them off the hook. Nothing says cracking down on crime like letting criminals run free.

The US is collapsing into fascism and going to war with Europe and the opposition party is like “I’m here to talk about the important thing: how your average grocery bill has risen by two dollars over the last year, which I also have no plan or ability to fix”

If you haven’t registered yet, now is the time — the deadline is fast approaching ⏳ Register by January 26th to join the discussion on transparency reforms and financial secrecy. 👉 www.eventbrite.com/e/from-secre...

Donald Trump has another, hidden agenda for his tariffs: helping Big Tech companies. Trump's using tariffs to threaten other countries and force them to change laws that regulate Big Tech. So yes – you could be paying more from tariffs so that Trump can help Amazon and Meta.

"There is no basis in law for a president to set up an offshore account that he controls so that he can sell assets seized by the American military. That is precisely a move that a corrupt politician would be attracted to." @warren.senate.gov

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...

Great op-ed by our @factcoalition.bsky.social member @hrw.org explains why tax matters for human rights and spotlights the current effort at the UN to reform the international tax system.

"Defunding IRS enforcement means that... remaining IRS enforcement capabilities will likely pivot away from large corporations and the highest-income earners toward lower-income taxpayers, where audits take less time but generate lower returns for the IRS." Joe Hughes @itep.org

"A world in which the powerful no longer feel the need to justify themselves is not merely unjust. It is barbaric . . . . That world does not have a legal order at all. It has only force, guided by one man’s whims."

Looking forward to speaking at this great conference in Paris in February!

My thoughts on the recent "side-by-side" international tax deal in @newsweek.com: www.newsweek.com/trump-tax-us...

While millions of Americans struggle to afford groceries, Donald Trump wants to spend their taxpayer dollars on invading foreign countries. That's not America first.

“The president also complained that the person’s horrified screams had made it difficult for him to watch the video of the killing on television.” www.theguardian.com/us-news/2026...

Today, President Trump is meeting with Big Oil CEOs. Trump must not give these companies billions in handouts and stick American taxpayers with the bill. And oil execs should commit now: no taxpayer subsidies, no special favors from the White House.

The good, the bad, and the ugly on this week's big tax news, from @factcoalition.bsky.social: upshot is a fragmented and flawed international tax system, nonetheless preferable to either the complete abandonment of the global minimum tax or to the punitive tax and trade actions threatened by the US.