Skip directly to content
Updates

Pfizer Inversion Stalled By Treasury Action

Pfizer, the giant drug company, was on the verge of finishing a move that would allow it to dodge some $35 billion in taxes, known as an "inversion" ... but the U.S. Treasury issued a new rule which caused Pfizer to cancel its planned inversion merger.

After Fair Share, in coalition with groups across the country, called for new Treasury action, they responded this week by issuing the new rule. Fair Share members sent in thousands of comments in support, and Americans for Tax Fairness, a coalition of groups working to make the tax code more fair, together reached more than 120,000 comments.

Tags: 

Real Tax Reform Should Close Offshoring Loopholes

The U.S. House held a hearing today about tax reform. Fair Share's signed on to a letter, via the FACT Coalition about what we think real reform is. Our priorities for tax reform are to make sure that every business plays by the same rules -- that large multinational compaies shouldn't be able to dodge taxes by hiding money overseas.

“Offshore loopholes and tax haven abuse cost U.S. taxpayers $150 billion per year,” explained Clark Gascoigne, Interim Director of the FACT Coalition, upon submitting the comments to the Committee.

White House Budget has Major Investments Targeting Child Hunger

Though the House has refused to hold hearings on the President's budget, the White House revealed several important measures that, if adopted, would make significant progress in ending child hunger in America. On Jan. 27, the White House held an event on how we can end child hunger in America, highlighting those budget proposals.

In a statement, the White House said:

The Obama Administration is dedicated to ensuring American children and families have the support they need to build a better future, especially when weathering life’s ups and downs, such as loss of a job, illness, or work that

Fortune: It's Time for the U.S. to Deal With Tax Evaders

America is the world’s newest tax haven.

If I asked you to name the world’s biggest tax haven, you might come up with the Cayman Islands, Bermuda, or Luxembourg. Those of you following the recent series of so-called “corporate tax inversions” might guess Ireland.

Tags: 

Pages