New from me: The corporate tax cuts from this year's law are running into a roadblock -- the 2022 corporate minimum tax. Companies (Meta, Qualcomm) are disclosing billions of dollars in tax breaks they can't use. And there's pressure on Treasury to ease the rules. www.wsj.com/politics/pol...

US government lawyers who are working so hard to make sure millions of poor people starve (even though the law says we should help them): how do you sleep at night???

This is a very good tax take on Mamdani.

With the Supreme Court set to hear oral arguments on tariffs today, a reminder that our tax code still gives breaks to companies for moving profits+jobs overseas. If we're serious about ending offshoring, these America-last policies must end. thefactcoalition.org/tariffs-manu...

“US hasn’t engaged in international tax community as it should. MNCs should want the US to be in those rooms. US should be a leader, as we were on FATCA, a powerful moment of international tax collaboration. That wasn’t that long ago. We can get that back.” 👏 Danny Werfel at @taxnotes.com conference

Making multinationals publicly disclose country-by-country reports would boost tax revenues and curb abuse. The UN Framework Convention offers a chance to establish public reporting as a unified standard. @icrict.bsky.social #UNtaxConvention #TaxJustice2025 bit.ly/taxjustice25

Thanks @mindthegaap.bsky.social, @itep.org for kind words about our new @factcoalition.bsky.social report. And the Oscar for best take on an obscure oil tax break: "This is roughly the equivalent of the IRS letting you count your parking tickets as an income tax payment." itep.org/oil-gas-comp...

Trump is giving lots of money away to his billionaire buddies but it’s nice to see that the corporate minimum tax is taking a little bite back from Meta for the rest of us.

"Meta’s recent earnings report is an important reminder that despite the Trump administration’s efforts, important reforms put in place by the Biden administration are preventing the worst abuses of our corporate tax laws."

"Truly self-destructive, offering none of the nationalist upside but all of the global downside." New @opinion.bloomberg.com @markgongloff.bsky.social column on the absurd oil subsidies handed out by the U.S. highlighted in the new @factcoalition.bsky.social report. www.bloomberg.com/opinion/arti...

Back in July, we @factcoalition.bsky.social described the big tax bill as a $170B tax cut for big multinational corporations. It now turns out, it's actually even more gigantic: a whopping $276 BILLION tax cut.

Giving $7.5B in tax breaks to oil companies to pump overseas offers all of the global downside & none of the (bogus) domestic upside of oil subsidies. Truly self-destructive Gift link to my column for @opinion.bloomberg.com www.bloomberg.com/opinion/arti...

Latest tariff news is of a pattern with private donations for the WH ballroom, seizing a stake in Intel and the politicization at IRS. Trump is trying to replace the legislated system of taxation for revenue with an arbitrary, personal system of state exactions.

Great coverage from @barrons.com of our new report, which finds that loopholes and subsidies in the U.S. tax code encourage companies to drill overseas. The loopholes that allow this must end, for the sake of our climate, health, and economy. www.barrons.com/news/us-oil-...

"To address climate change, economic equity and fairness, and funding the social programs, we must repeal all the special tax breaks the oil and gas sector receives and ensure that they are paying tax rates [equal] with what they are paying globally.” - @erichpica.bsky.social of @foeus.bsky.social

Taxpayers should not have to subsidize the production of oil and gas abroad. FACT's latest report analyzes the tax disclosures of 11 U.S. oil and gas multinationals and calls for the end of the tax breaks that undermine U.S. interests and harm the planet. thefactcoalition.org/report/oil-a...

Launch day! The FACT Coalition's Zorka Milin shares the findings from our latest report. America-Last and Planet-Last: How U.S. Tax Policy Subsidizes Oil and Gas Extraction Abroad. Read it now! @zorkamilin.bsky.social @factcoalition.bsky.social thefactcoalition.org/oil-and-gas-...

MAMDANI, on Bill Ackman: “.. He's spending more money against me than I would even tax him!" @casestudyqb.bsky.social #NYC

On Thursday, FACT will host @whitehouse.senate.gov , @erichpica.bsky.social of @friends-earth.bsky.social and @mindthegaap.bsky.social + @amyhanauer.bsky.social of @itep.org for the launch of our new report. Register now to attend in-person or online: thefactcoalition.org/report-launc...

RSVP today. If you are in DC, join us Thursday for lunch and an all-star panel. thefactcoalition.org/report-launc...

NEW - FACT Coalition's latest newsletter. Read more from the frontlines in the fight against dirty money and for tax justice! @factcoalition.bsky.social thefactcoalition.org/fact-holds-e...

NEW speakers - Sen. Whitehouse, Erich Pica - Friends of the Earth, @amyhanauer.bsky.social - Institute for Tax and Economic Policy, and more! Join us Oct. 23. thefactcoalition.org/report-launc...

In the latest edition of Just the FACTs: -FACT Holds Event for Oil and Gas Report Launch -FinCEN Calls for Comments on IA Rule Delay -FACT Defends Australia’s Tax Transparency Framework and more: thefactcoalition.org/fact-holds-e...

On top of tax-breaks & loopholes for the wealthy, Trump is now defunding the IRS. Life is good for the super-rich, at the expense of everyone else. Cartoon from the wonderful book #Burnedbybillionaires by @chuckcollinswrites.bsky.social Drawn by Jason Patterson @itep.org @patrioticmillionaires.org

The 🇺🇸 administration is determined to destroy international tax cooperation: the global minimum tax, digital services taxes, the #UNtaxconvention & the #IMO levy. It’s time for countries to push back! Here's our proposal for protecting multilateralism: lnkd.in/dtKfhJkd

The US tax code not only subsidizes oil and gas here at home, but also - and especially - drilling abroad. RSVP for the launch of FACT's new report calling for the end of all tax subsidies for oil and gas production, and especially for drilling abroad. thefactcoalition.org/report-launc...

“Oil & gas giants shift nearly a 3rd of their profits to tax havens, draining billions from developing countries, money needed for climate adaptation, health, & education. They must be taxed where profits are made, not where they’re hidden. A #UNTaxConvention can make that real.”

“The fossil fuel industry is still being rewarded for driving the climate crisis. We must end fossil fuel tax subsidies, reform international tax rules, & strengthen transparency. Our opponents are powerful — we can’t afford to be divided.” @zorkamilin.bsky.social @factcoalition.bsky.social

Billionaire corporations are already seeing the money roll in from the giant tax giveaways Donald Trump and the Republicans stuffed into their Big, Beautiful Bill. What about working Americans? They're losing their health care, and their costs just keep going up. It's shameful.

The recent tax cuts gave a giant windfall to all corporations -- oil and gas in particular. Great work from @itep.org tracking this.

In the wake of catastrophic funding cuts, the IRS is bleeding personnel. Our tax laws are only as strong as our ability to enforce them, and without sufficient enforcement resources, corporate tax avoidance will only worsen. news.bloombergtax.com/daily-tax-re...

Thought-provoking essay on taxes and right-wing populism. "Americans have a strong sense that the rich minimize their taxes in technically legal but morally dubious ways, pursuing tax planning and avoidance avenues unavailable to ordinary taxpayers." @vanessawilliamson.bsky.social

The US,Germany &France are #OECD countries which attract the most FDI in the world... None of them are low tax jurisdictions - said @benjaminangel.bsky.social 🔑Investment requires fair taxation to pay for ✅Infrastructure ✅Quality education ✅Rule of law ✅Well-trained workforce Listen. ⤵

So much for "America first" finance.yahoo.com/news/bessent...

Are American taxpayers subsidizing ExxonMobil’s partnership with a Chinese state-owned oil company to produce oil in Guyana? @whitehouse.senate.gov @merkley.senate.gov @vanhollen.senate.gov raise important questions about the taxes that Exxon is or isn't paying in Guyana and the US.

ICYMI: FACT calls for US action to target the proceeds illegal gold mining, members of Congress call attention to the rollback anti-money laundering regulations, and more in the latest edition of Just the FACTs. thefactcoalition.org/fact-calls-f...

First they used the tax system against immigrants. And now they want to use it against groups with whom they disagree. These are unlawful and bad policies.

Why would some business interests prefer for Congress to fly blind in tax policymaking? 🤔 Very good take from @howardgleckman.bsky.social @taxpolicycenter.bsky.social:

I know it's frustrating when lawyers point out when something the administration is doing is not legal. But responding with "the law doesn't matter anymore" is really unhelpful and defeatist. Clarifying the law is important because it reminds us not to comply in advance and to resist and take action

"Big Oil scored major policy wins through expanded tax breaks and rollbacks of environmental regulations. Yet that hasn't translated to a healthy industry." 🎯@houstonchronicle.com ed-board calls out Big Oil's bad bet on Trump. Winning corporate tax breaks isn't doing much to help Texas workers.

"Funding tax enforcement should be a no-brainer" @sarahcgchris.bsky.social is absolutely right. And yet here we are...

US Chamber complains about tax transparency, which they frame as a trade barrier. Facts: Aggressive tax planning is a material risk. Investors have been demanding improved tax transparency for years, and it's coming whether some in corporate America like it or not. www.uschamber.com/taxes/u-s-ch...

This rollover for the criminals and kleptocrats who hide in U.S. shell corporations is a real national security problem.

Congressional appropriators are threatening to defund the nation's accounting standard-setter over new corporate tax reporting rules. These new rules responded to investor demands for better disclosures - they shouldn't be in the political firing line. itep.org/corporate-ta...

Huge corporations continue to funnel their profits to tax havens and shield their practices from public view. But instead of increasing transparency, some lawmakers in Congress want to dismantle a new reform that would help expose corporate tax dodgers. itep.org/corporate-ta...

The free speech activist who built a list of professors he worked to get fired for their speech must be celebrated for his support of free speech, and anyone who quotes his speech accurately in context will be fired and/or face state punishment by the champions of free speech, do I have that right?

NEW: Senator Warren and Congresswoman Waters slam U.S. Treasury for gutting the Corporate Transparency Act. “Your decision to gut the law has caused growing alarm ... that you are making it easier for criminals to take advantage of the financial system." ct.symplicity.com/t/wrn/d92e7b...

Standard economic models built on the assumption that power does not exist blinds us to the very real exercise of those powers

THE TRUMP ADMINISTRATION IS NOW STOPPING THE IRS FROM GOING AFTER CORPORATE TAX CHEATS. THIS ONE EFFORT WAS GOING TO RAISE $100 BILLION. $100 BILLION DOWN THE DRAIN SO BIG OIL BARONS AND THE GUYS IN THE EPSTEIN FILES CAN KEEP NOT PAYING TAXES LIKE THE REST OF US DO. SCAM.