ATF in the News

BBC Newshour: Pfizer Abandons Allergan Merger

ATF Media Highlights

Americans for Tax Fairness was cited during a BBC Newshour report on corporate tax evasion, highlighting Pfizer’s $35 billion tax bill.  The segment appeared on hundreds of public radio stations across the U.S.  

The Huffington Post: Obama’s New Limits on Corporate Tax Dodging Didn’t Go Far Enough

ATF Media Highlights

Although the new rules may make some inversion deals less attractive, analysts told The Huffington Post that their narrow focus may fail to prevent future corporate inversions, even by Pfizer itself.  “We’re very pleased that these rules appear to kill the Pfizer-Allergan merger,” said Ron Eckstein, a spokesman for the nonprofit Americans for Tax Fairness. “We […]

The Washington Post: Pfizer, Allergan Call Off $160 Billion Merger After U.S. Moves to Block Inversions

ATF Media Highlights

Some lawmakers believe companies should be paying less, while others believe they should be paying more. Lowering the tax rate without plugging the abundance of tax loopholes could be a fiscal disaster, while harmonizing the U.S. tax system with the rest of the world could take years, legislative staffers say.  “Fundamentally, it all comes down […]

New York Business Journal: Pfizer’s Dublin Plans are Dubious Amid New Regs and Allergan’s Nosedive

ATF Media Highlights

The deal currently doubles as a ploy for Pfizer (NYSE: PFE) to not only buy Allergan (NYSE: AGN), but switch its headquarters to Dublin to lower its tax rate. Such a move would help it avoid a $35 billion tax bill, according to a recent report by Americans for Tax Fairness. This piece appeared in the […]

The Hill: Obama Calls for Congress to Close Corporate Tax Loopholes

ATF Media Highlights

The liberal-leaning Americans for Tax Fairness said Tuesday the new guidance would deny tax breaks to U.S. pharmaceutical giant Pfizer, which it had expected to get through its planned acquisition of Ireland-based Allergan. The $160 billion deal would be the largest inversion to date. This piece appeared in The Hill. President Obama on Tuesday called […]

The Nation: The Panama Papers Expose the Hidden Wealth of the World’s Super-Rich

ATF Media Highlights

This publicity will hopefully bolster the global movement against tax haven abuse, including the work of US networks such as Americans for Tax Fairness and the Financial Accountability and Corporate Transparency (FACT). The FACT Coalition has been advocating for transparency reforms such as disclosure of “beneficial ownership” of shell corporations and entities. It is pressing […]

National Public Radio’s Marketplace: Why a Corporate Inversions Matters to Taxpayers

ATF Media Highlights

The firm does still have to pay taxes in income generated in the U.S. However, big multinationals, especially tech and drug companies with valuable patents, have ways to make profits look like they’re generated elsewhere. “The drug or the computer software may be invented here in America, but the ownership gets shifted offshore to a […]

The Huffington Post: Obama Just Struck a Blow Against Corporate Tax Dodging- Americans for Tax Fairness responds

ATF Media Highlights

Americans for Tax Fairness, a liberal tax reform advocacy group, estimates that under the rules Treasury announced on Monday, Pfizer’s American shareholders would now exceed Treasury’s American ownership threshold, making it subject to U.S. corporate taxes — and eliminating the motivation for the “corporate inversion.” Treasury will likely not count a significant percentage of shares […]

STAT: Treasury’s New Rules on Tax Inversions Raise Questions About Pfizer-Allergan Deal

ATF Media Highlights

Americans for Tax Fairness, a nonprofit advocacy group, estimates that Pfizer is attempting to dodge approximately $35 billion by merging with Allergan. This piece appeared on STAT. After months of anticipation, the US Department of Treasury issued new rules about so-called tax inversions that raised uncertainty about the $160 billion merger deal between Pfizer and Allergan. The […]

Attn: Walmart Just Suffered a Huge Loss as Workers win Court Case

ATF Media Highlights

Walmart has also been under fire due to low wages — and the fact that many of its workers rely on taxpayer funded government assistance, according to a 2014 report from Americans for Tax Fairness. The company raised its wages in January of 2016; the average part time worker will now make $10 per hour, and the […]