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 for public comments on FASB’s draft revisions to […]
WASHINGTON, D.C.—Improving country-by-country reporting requirements is critical to identifying, and ultimately preventing, billions of dollars of corporate tax dodging, Americans for Tax Fairness Executive Director Frank Clemente said in testimony to the Internal Revenue Service today. “Profit shifting by multinationals is a principal method of corporate tax avoidance. Improved reporting requirements, as proposed in this […]
Donald Trump has only been President for 100 days, but American families are already paying the price for his reckless and regressive Tariff Tax. New data released today from the Bureau of Economic Analysis reveals that taxes on foreign imports spiked to $96.3 billion just in the first quarter of 2025, up $14 billion, or […]
Read the full report here. With portions of the Trump 2017 corporate tax giveaways set to expire in 2025, government watchdog Accountable.US and Americans for Tax Fairness today released a damning new report revealing how a small number of top corporations—including familiar names like Apple, Microsoft, and JP Morgan—bring in a huge amount of […]
With portions of the Trump 2017 corporate tax giveaways set to expire in 2025, government watchdog Accountable.US and Americans for Tax Fairness today released a damning new report revealing how a small number of top corporations—including familiar names like Apple, Microsoft, and JP Morgan—bring in a huge amount of national profits while paying shockingly little […]
August 29, 2024
How the Tax Code Benefits the Wealthy Over Workers
Workers Are Taxed at a Higher Rate Than Wealthy Households & Corporate Executives Income earned from wages is consistently taxed at a higher rate than comparable amounts of income earned passively through capital gains or dividends. The top federal marginal tax rate on long-term capital income is 23.8% while the top marginal ordinary income and […]
August 29, 2024
On Labor Day: How The Tax Code Benefits The Wealthy Over Workers
On the eve of Labor Day weekend, Americans for Tax Fairness (ATF) has issued a paper on the many ways the tax code fails to honor employees and instead privileges the big corporations and wealthy individuals they work for. “On Labor Day—a time set aside to honor the working people of America—the privilege our tax […]
Read the full report here. Introduction On this Tax Day 2024—the deadline for working Americans to settle up with Uncle Sam–neither the nation’s richest individuals nor its biggest corporations are paying their fair share of taxes. Simply put, the U.S. tax code is rigged against ordinary people. Many billionaires and big, profitable corporations go tax-free […]
March 5, 2024
State Of The Union Talking Points On Tax Fairness
President Biden is calling on Congress to pass a Billionaire Minimum Income Tax to end the scandal of billionaires and other super-wealthy individuals paying a lower tax rate than teachers, nurses and firefighters—and sometimes paying nothing at all. It’s time to reward work, not wealth. As of the end of last year, the wealth of […]
House Republicans want to reverse a provision of the 2017 Trump-GOP tax law that limits the ability of corporations to cut their taxes by deducting interest payments from their taxable income. This expanded loophole would cost up to $200 billion in lost revenue over 10 years and boost the fortunes of Wall Street raiders who […]