News Releases

Tax Coalition Urges Opposition to Steven Mnuchin for Treasury Secretary

ATF report shows Mnuchin could get $3.3 million annual tax cut from plan he would be promoting as Treasury Secretary For a PDF of this document, click here. WASHINGTON, D.C.—In a letter to U.S. Senators today, Americans for Tax Fairness urged opposition to the confirmation of Steven T. Mnuchin as Treasury Secretary. “The cabinet post […]

Tax Coalition Urges Opposition to Delaney-Yoho Infrastructure 2.0 Act

Bill would be a tax giveaway to multinational corporations that have been dodging U.S. taxes by holding profits offshore For a PDF of this document, click here. WASHINGTON, D.C.—Today, Americans for Tax Fairness urged members of Congress to oppose the Infrastructure 2.0 Act because it would underfund infrastructure projects while exacerbating the problem of offshore […]

ATF Applauds Senate Democrats’ Infrastructure Plan Funded by Closing Tax Loopholes

“This ambitious and doable plan by Senate Democrats stands in sharp contrast to the phony infrastructure proposal put forward by President Trump” For a PDF of this document, click here. WASHINGTON, D.C.—Today, Americans for Tax Fairness Executive Director Frank Clemente made the following statement on Senate Democrats’ newly released infrastructure plan: “We applaud Senate Democrats’ […]

Trump’s Proposed Treasury Secretary Could Get $3.3 Million Tax Cut Annually from Trump Tax Plan

For a PDF of this document, click here. Mnuchin’s claim that “[t]here will be no absolute tax cut for the upper class” under Trump’s tax plan is disproven by his potential big windfall Mnuchin as Treasury Secretary could be perceived as having the bank robber guard the bank WASHINGTON, D.C.—Americans for Tax Fairness estimates that […]

Trump Tax Plan Would Let Tech Industry Permanently Dodge Hundreds of Billions in U.S. Taxes

For a PDF of this document click here. WASHINGTON, D.C.—President-elect Donald Trump met with CEOs of some of the most profitable corporations in America today and likely promised them a massive tax giveaway on their untaxed offshore profits, which would mean American families have to pick up their tab. A spokesman for Trump said one […]

ATF Urges IRS to Finalize Rule Closing Estate Tax Loophole

For a PDF of this document click here. Closing the “Valuation Discount Loophole” would preserve the integrity of the federal Estate and Gift Tax and generate up to $18 billion over 10 years, Americans for Tax Fairness Executive Director Frank Clemente said in testimony at the Internal Revenue Service today. The IRS held a hearing […]

Mnuchin is the Wrong Person to Lead U.S. Tax System

Americans for Tax Fairness Executive Director Frank Clemente made the following statement on Donald Trump’s nomination of Steven Mnuchin to be U.S. Treasury secretary: “Steven Mnuchin is the wrong person to put in charge of the U.S tax system, which raises $3 trillion a year. “Not only is Mnuchin a member of the Wall Street […]

Admission of Self-Dealing by Trump Foundation Shows Why President-Elect Trump Must Release His Tax Returns

Americans for Tax Fairness Executive Director Frank Clemente made the following statement in response to today’s Wall Street Journal report that “President-elect Donald Trump’s charitable foundation engaged in self-dealing in 2015 and prior years, the foundation said in an Internal Revenue Service filing.” “Today we learned that Donald Trump’s Foundation made illegal payments to ‘foundation […]

ATF Urges SEC Disclosure Updates to Include Annual Country-by-County Requirement

Changes to the Security and Exchange Commission’s disclosure requirements for U.S. corporations should include annual country-by-country reporting on activities in foreign countries, urged Americans for Tax Fairness in comments signed by nearly 18,000 supporters. ATF also submitted separate comments to the SEC, which can be found here. “Without this improved transparency, corporations will be free […]

Instead of Paying Its U.S. Taxes, Qualcomm’s Buying a Foreign Company

Qualcomm Technologies, Inc. could permanently avoid $10 billion in U.S. taxes it owes on its offshore profits by using those profits to buy a Dutch semiconductor company, thanks to a loophole allowing U.S. corporations to defer payment of taxes on earnings held outside the country. Qualcomm, the San Diego-based mobile technology company, Thursday announced it […]