Big tax bill doubles down on a 2017 export subsidy that mostly went to Big Tech. No evidence that it brought back jobs.
Now it's become an even more generous windfall that rewards a broader set of corporations for something they might do anyway, as I told @RichardRubinDC.
ICYMI: FACT reacts to the passage of the budget megabill
- @ZorkaMilin is quoted by several news outlets, and
- @IanpGary attends the UN 4th International Conference on Financing for Development.
https://t.co/eM9mfNdUK5
This comparsion in the NYTimes today is pretty stark. China is racing ahead to be a high-tech exporter of 21st century technologies, while the US is doubling down on being a petro-state exporting the technologies of the 19th century: https://t.co/70sBY8T441
TJNA and partners will co-host a side session on “Financing Africa’s Development: The Role of Reforming the Global Financial Architecture” on Wednesday, 2 July 2025, at the International Conference on Financing for Development (#FfD4).
The session aims to unpack Africa’s key priorities for transforming the global financial architecture within the context of #FfD4. It will look into the structural transformation required to address the significant financing needs for Africa’s sustainable development.
Read more: https://t.co/RQYMFrkuqN
#TaxJusticeAfrica #FfD4
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Scoop: Trump's closure of USAID will cost taxpayers more than $6 billion, including hundreds of millions to fight legal challenges, according to a draft assessment obtained by me and @jackfitzdc
Next week, FACT is co-hosting an official side event at the Fourth UN International Conference on Financing for Development (#FfD4) on ways to stop corruption and dirty money from undermining global development.
📣👉Why is tax justice key to financing climate action?
As the climate crisis, inequality and tax abuse intensify, organizations from the Global South and allies from the North raise their voices: we need a fair and transformative tax agenda!
✊✍️On the road to #FFD4 in Seville and #COP30 in Belém do Pará, read our joint statement: https://t.co/DRunV4bNMl
#TaxTheRich #EndCorporateGreed #TaxJusticeNow
#MakeMNCsPay #WealthTaxNow #FfD4People
JUST IN: The IRS has lost over 26,000 employees and will likely struggle to meet taxpayer needs next filing season without more hiring, according to National Taxpayer Advocate Erin Collins.
Read more from @benmvaldez: https://t.co/h8qCE9n1qo
1. Trump's tax cuts overwhelmingly help the rich
2. His spending cuts are targeted at the poor
3. Tariffs cost the poor a larger share of their income
Roll these three regressive policies together and you get the largest redistribution from poor to rich in American history.
There are a lot of ways that our tax code incentivizes profit shifting and offshoring, but the so-called "round-tripping" loophole is one of the most egregious
Grateful to Ranking Member @RonWyden and his colleagues for introducing this commonsense reform
https://t.co/LkNfdIaeXV
National security, law enforcement and other experts all recognize a simple truth: destroying the Corporate Transparency Act will make Americans less safe
Treasury must withdraw its misguided rule gutting CTA, and implement the law as Congress intended
https://t.co/y9m0DBpG7W
I told the @NYTimes “The pace of change and unraveling of a lot of the protections and safeguards related to dirty money coming into the United States has been pretty dizzying,” Read more about @FACTCoalition's work to raise the alarm. https://t.co/kD8BKXiWlP
New from FACT's @Ianpgary in Bloomberg @tax: Big Pharma's tax games "may temporarily inflate the bottom lines of companies such as Merck, but they pose stark risks for investors over the longer term."
Read the call for greater tax transparency here: https://t.co/XfxXOipiPc
New from me: Businesses built a years-long lobbying campaign for a permanent extension of the pass-through deduction.
Republicans did that. And then went $104 billion above and beyond that.
(link below)
"C-SPAN provides a vital service as the only place viewers can easily find start-to-finish coverage of so much that their elected officials are up to," @ktumulty writes.
https://t.co/FXDbr25gZz
WATCH: FACT's @Ianpgary spoke to @TRACE_Inc's @marcfs13 on the harmful effects of gutting the Corporate Transparency Act. "The worst case scenario is that “the US moves from a dirty money destination by default to a dirty money destination by design."
https://t.co/47Ro0X5h49
🎙️ 𝐒𝐩𝐞𝐚𝐤𝐞𝐫 𝐒𝐩𝐨𝐭𝐥𝐢𝐠𝐡𝐭 | 𝐑𝐨𝐮𝐧𝐝𝐭𝐚𝐛𝐥𝐞 𝐰𝐢𝐭𝐡 𝐏𝐨𝐥𝐢𝐜𝐲 𝐄𝐱𝐩𝐞𝐫𝐭𝐬 & 𝐀𝐧𝐚𝐥𝐲𝐬𝐭𝐬 | 𝐒𝐩𝐫𝐢𝐧𝐠 𝐌𝐞𝐞𝐭𝐢𝐧𝐠𝐬 𝟐𝟎𝟐𝟓
Two bold voices. One timely conversation.
Joining our roundtable on 𝐒𝐚𝐟𝐞𝐠𝐮𝐚𝐫𝐝𝐢𝐧𝐠 𝐃𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐨𝐬𝐭-𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐢𝐝 𝐖𝐨𝐫𝐥𝐝 are two respected thought leaders shaping the global governance agenda.
@BBSimons, Founder and President of mPedigree and Honorary Vice President at @ImaniAfr, draws on two decades of activism to champion systems thinking approaches to multi-stakeholder innovation. His work reflects a deep commitment to advancing public interest outcomes through thoughtful policy engagement.
@ZorkaMilin, Policy Director at the @FACTCoalition, brings sharp insights on financial transparency and international tax policy, which are critical levers for strengthening domestic resource governance in Africa and beyond.
🗓️ Thursday, 24th April, 2025
🕘 9:00 AM – 10:30 AM ET | 1:00 PM – 2:30 PM GMT
📍 @OpenGovHub, Washington, DC
🌐 Also live on Zoom
Register now: https://t.co/Nhg9mz4vEx
#ACEP
#SpringMeetings2025
@benboakye@Ianpgary@lordcudjoe@IMFNews@WorldBank
I said my main goal of this trip was to meet with Kilmar. Tonight I had that chance. I have called his wife, Jennifer, to pass along his message of love. I look forward to providing a full update upon my return.
I've been in El Salvador all day fighting for the return of Mr. Abrego Garcia.
The Trump Admin can lie all they want, but the Court said they failed to show he was part of MS-13. This is about bringing home a man they ADMIT should've never been abducted. I won't rest until then.