FCAN stands for an America where everyone gets their fair share, does their fair share, and pays their fair share; and where everyone plays by the same rules.
FCAN released a new report by the U.S. PIRG Education Fund, Citizens for Tax Justice and the Institute on Taxation and Economic Policy. In 2015, more than 73 percent of Fortune 500 companies maintained subsidiaries in offshore tax havens, according to “Offshore Shell Games”. Collectively, multinationals reported booking $2.5 trillion offshore, with just 30 companies accounting for 66 percent of this total. By indefinitely stashing profits in offshore tax havens, corporations are avoiding up to $717.8 billion in U.S. taxes.
Our nation’s federal courts make rulings on virtually every issue that is important to Americans. Although most Americans are familiar with the Supreme Court, many are surprised to hear that more than 900 judges have lifetime appointments to serve on lower federal courts and hear thousands of times the number that the Supreme Court hears. And most of the time it’s these lower courts that have the final say. More information...
Corporate lobbyists are already leaning on the new Congress to protect tax loopholes and cut taxes for big corporations.
Meanwhile, Congress isn't hearing enough about closing these loopholes.
That's a problem because a 2008 study showed that 83 of the top 100 publicly traded corporations operate subsidiaries in offshore tax havens. And it costs taxpayers $150 billion a year that we could use to better educate our kids or repair our roads and bridges.
Let's tell our members of Congress: It's time to close every loophole that allows big companies to hide their profits overseas. Let's make sure everyone pays their fair share and build an economy that works for all of us.
Florida Senator Bill Nelson is on the Senate Finance Committee and has an important voice on the way on this debate. Contact Sen. Nelson and ask him to end the loophole for offshore tax havens and invest that money building the middle class.
FCAN will release the report detailing dangerous toys consumers should avoid. Potential dangers include toxic chemicals and swallowing hazards. Download the report here:
Download Trouble in Toyland 2015 Full Report (39 pages PDF)
Download Executive Summary (2 pages PDF)
FCAN becomes part of a new national network. What's up?
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