Why would Congress want to make loopholes that let companies hide their profits overseas permanent --- loopholes that cost us $10 billion per year?
Help us remove tax loopholes from Congress’ holiday shopping list. Fair Share and our allies have just launched a petition which reads:
We, the undersigned, urge Congress to end the loopholes that reward offshore tax haven abuse and reject any attempt to cement them permanently into our already loophole-ridden tax code. Please vote to end the two offshore loopholes in the tax extender package, the CFC Look-through Rule and the Active Financing Exception, which cost us $10 billion per year.