"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-...

"This isn’t just about clever accounting — it's about power and impunity. When millionaires and billionaires stash trillions of dollars in offshore tax havens, they place themselves above the obligations that bind the rest of society." Christian Hallum, @oxfaminternational.bsky.social

"The simple fact is this: there is no democracy without taxation. It is no coincidence that the strongest democracies, internationally, are also the highest-tax countries in the world. Free countries are high-tax countries." @vanessawilliamson.bsky.social

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.

Things we can afford according to Trump: - Another War - A New Ballroom - $10 BILLION IRS payout to himself Things we can’t: - Child care - Health care - Anything that helps YOU

In the age of AI, the US must rethink the taxation of labour and capital - strong column here from @sheilabair.bsky.social - gift link here as.ft.com/r/1a12272b-1...

We can remember at least one time when the United States did take care of daycare; it was during a time of war. 🤔 #FDR

A government that really cared about protecting people from "fraud, waste, and abuse" would stop criminal fraudsters like Mr. Schwartz, not give them a free pass while proclaiming fake and meaningless new anti-fraud task forces. Brilliant reporting by @jeremykohler.bsky.social @propublica.org

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...

Elon Musk said he’d “look into” a bipartisan law to counter criminal & adversary use of U.S. shell companies. The next day, Treasury gutted it. A new report suggests Musk has a network of companies that could’ve been subject to the law.

Big American corporations are reaping billions in tax savings from tax havens. But don't blame the tax havens - no, blame the U.S. tax code for being too weak to stop this 👇 Check out the latest FACT Coalition analysis of newly-required corporate tax disclosures here: https://bit.ly/41upQ4h

"Professor Madoff has written a persuasive book, “The Second Estate: How the Tax Code Made an American Aristocracy.” She says billionaires in the United States can be virtually exempt from taxes, like the French aristocracy before the revolution of 1789." ‼️

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...

Friday fun: check out this fantastic international tax explainer! I promise you, it's fun whether or not you care about international taxes. Really great work from @calebharshberger.bsky.social, @pauldetrick.bsky.social

@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...

Our FACT Coalition reaction to this deeply misguided ruling. "In striking down this rule, the district court in Texas has just sided with cartels, money launderers, and U.S. adversaries and given them free license to continue moving their dirty cash through U.S. real estate."

Tale as old as time: "Budget hawks" in Congress telling Americans they don't have enough money to fund health care and school lunches but plenty of money to fund an illegal war of choice in the Middle East that is jacking up prices for families. tcf.org/content/comm...

Great privilege & great fun to speak at the EU tax symposium in Brussels. As I said, the side-by-side compromise is necessary but regrettable as the secretive product of US bullying and empty threats. Yet somehow, negotiators and OECD staff managed to produce a sensible outcome, that can be improved

🚨 Big Oil is set to rake in over $60B in extra profits this year thanks to soaring gas prices from Trump's War in Iran. @whitehouse.senate.gov and @khanna.house.gov just introduced the Big Oil Windfall Profits Tax Act to return these profits to the American people. Congress must pass it now.

Good explanation of why higher taxes on wealth are an insufficient response to gross inequality. The institutions which concentrate wealth - corporations above all - need to be structurally reformed.

💥Even former @goldmansachsbank.bsky.social CEOs are saying it: Tax the super-rich💥 Lloyd Blankfein: Wealth is only flowing to asset-holders. What to do? ✅A more progressive tax system ✅Free childcare & healthcare ✅A higher minimum wage ✅Cut the waste, but tax the wealthy 🎦

Trump caused a $.60/gallon gas increase with his illegal war on Iran. And by lifting Russian oil sanctions to fix it—he’s funding Putin’s war on Ukraine. Bankrolling two illegal wars while families struggle to afford health care and housing at home. www.washingtonpost.com/business/202...

Very cool tax job!

A poll of 2,400 Democratic voters who vote regularly in primaries, by Embold Research, found that 70% of self-described moderates think the party is “too timid” in taxing the rich and corporations. #TaxTheRich

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...

💯As someone who was on the receiving end of some obnoxious questioning by Senator Kennedy - yes, I wish I had been so brave. And as an American immigrant, I am inspired & encouraged to see a strong voice of reason speaking truth to power in America today. Thank you @davidjbier.bsky.social 🙏

Here's a laugh: US government chairs G20 this year and one of its top priorities is "unlocking affordable and secure energy supply chains" ...by bombing the part of the world that controls much of those supply chains? While also doing everything to kill off alternative energy supply?

Catch ODI Global's webinar next week to see what's the latest on the ongoing negotiations for protocol 1 (cross-border services taxation) under the #UNTaxConvention. ICTD's Frederik Heitmüller will join the panel of experts. 📅 March 17 | 14:00-15:30 GMT 👉 Register: https://ow.ly/x65j50Yq7EG

Ticketmaster is an exploitative monopoly. The Trump administration just caved to them. And they pay no taxes.

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.

Happy International Women's Day!

IRS criminal referrals on big corporations and ultrawealthy individuals plummeted during Trump’s first year The IRS office the audits billionaires and large corporations referred *at most* two cases to criminal investigators in fiscal year 2025. www.icij.org/news/2026/03... @icij.org

Just how much have Trump's tax cuts benefited huge corporations? Our Senior Fellow Matt Gardner says it's entirely possible that for 2025, S&P 500 corporations "will overall be paying something less than 10% of their income in corporate taxes." www.marketplace.org/story/2026/0...

New by me: Unless the Iranian regime's illicit financial networks are dismantled, its capacity for terror, repression, and corruption will survive defeat on the battlefield. The regime must not only be decapitated but defunded. www.washingtonexaminer.com/opinion/4479...

"If corporate income tax collection had kept up with 1960's levels, companies would be paying $620 billion more in taxes. In my latest I ask: what did we get in return? Not wages, not benefits, but record profits and a growing public disgust with companies." Read more: https://bit.ly/3PifT78

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.”

Estimates from UK and Netherlands suggest global revenues from the global minimum tax will be around 30% lower under the "side-by-side" agreement (US carve-out). This is line with @taxobservatory.bsky.social modelling from 2024 of the temporary UTPR exemption, so seems a credible magnitude.

Something more frightening than Iranian drones: paying taxes?

Trump’s illegal war with Iran has already taken a devastating human toll. It could also mean higher energy bills worldwide, while fossil fuel companies, traders, and investors get rich. Read our deep dive: oilchange.org/blogs/trumps...

Fossil fuel stocks are exploding in response to the war on Iran. Who stands to benefit? The richest of the rich. Who stands to lose? All of us who have to pay higher prices for energy and a new round of sellers' inflation.

"You can just do things, sure, right until the game is up, and then you can’t." @patblanchfield.bsky.social in @nplusonemag.com on the war in the Middle East, also applicable to what the US is doing on other crises and emergencies of our time: climate, debt, inequality, AI

True regime change starts at home.™️

Yet another crack in the rule of law on tax: A major gas exporter just got a massive tax refund, claiming a tax credit meant for alternative fuels. This is very questionable legally, as I told @evanhalper.bsky.social www.washingtonpost.com/business/202...

“ .. I must wonder if America’s utter abdication of any responsibility for global warming will someday come back to bite in the form of retaliatory tariffs .. What’s to stop a group of nations with .. climate-related economic losses from eventually penalising the US ..” www.ft.com/content/4d25...

Did you miss my chat with @oliverbullough.bsky.social today? If so, the recording is now live. thefactcoalition.org/fact-book-ta...

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.”

The impact of Trump's attacks on the IRS, in two charts. From my latest for @economist.com. www.economist.com/finance-and...

Big Oil flooded Donald Trump’s campaign with cash. Now, they’re getting billions in handouts from his administration.

The backup plan is to sign new tariffs on Epstein Island, a legally exempt zone recognized by the entire American business and political elite.