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 […]

Trump’s Infrastructure Plan Offers Private Gain, Public Pain

Donald Trump promised he would drain the swamp in Washington, but his proposal to repair our crumbling infrastructure will do anything but that. It’s the same kind of special interest giveaway voters revolted against on Election Day. He’s peddling a self-serving approach that is nothing more than a huge tax giveaway to rich developers and […]

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 […]

45 Groups’ Comments to the U.S. Treasury Department Supporting the Proposed Rule on the Estate & Gift Taxes Valuation Discount

TO:       Internal Revenue Service, Department of the Treasury RE:       Comments on REG-163113-02, the Estate, Gift, and Generation-skipping Transfer Taxes; Restrictions on Liquidation of an Interest DT:       November 2, 2016 The 45 organizations that have signed these comments, which represent tens of millions of members, strongly support finalizing the proposed rule that would […]

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 […]

ATF Responds to Rep. Noem’s Misleading Estate Tax Op-Ed

For a PDF of this document click here. Americans for Tax Fairness sent a letter to Rep. Kristi Noem (R-S.D.) to clarify who is affected by the federal estate tax and correct Rep. Noem’s misrepresentation of Hillary Clinton’s proposal to assess a 65% tax rate on estates worth more than $1 billion per couple. “It […]

ATF Urges FASB to Adopt Country-by-County Reporting Requirement for Corporate Tax Statements

For a PDF of this document click here. Changes to the income-tax disclosure requirements for public corporations should include annual country-by-country reporting and the amount of deferred U.S. taxes owed on offshore profits, Americans for Tax Fairness Executive Director Frank Clemente wrote in comments submitted to the Financial Accounting Standards Board. Today is the deadline […]

Newly-Released Chartbook Uses Data to Disprove Corporations’ False Narrative on Taxes

For a printable PDF of this document click here. America’s biggest and most powerful corporations continue to claim they are damaged by the 35 percent U.S. corporate tax rate when it comes to international competition, but the facts prove that simply isn’t true. A newly-released online resource compiled by Americans for Tax Fairness and the […]

Corporate Tax Chartbook: How Corporations Rig the Rules to Dodge the Taxes They Owe

In recent years, corporate profits have reached record highs, and so too has the amount of untaxed profits U.S. corporations have stashed offshore: $2.4 trillion. And it is estimated corporations could owe as much as $700 billion on those profits. In short, corporations are dodging more and more of their tax responsibilities. While the statutory […]

Editorial Board Memo: All Presidential Candidates Should Release Their Tax Returns Support a U.S. Senate Vote on the Presidential Tax Transparency Act

As Congress returns from its summer recess, it has about three weeks to finish its work for the American people before the November election. Senator Ron Wyden (D-OR) hopes to get a vote on his Presidential Tax Transparency Act, which would require all major presidential candidates to make public their tax returns for the last […]