Big corporations like General Electric, Goldman Sachs and Citigroup stash profits offshore and hire teams of lawyers and accountants to get out of paying their fair share of taxes. Many corporations manage to pay no taxes at all.
These schemes and loopholes cost our country billions of dollars. They were created by lobbyists and put into law by politicians who forgot who they work for.
Now, just in time for Tax Day, lobbyists for the banking industry and big corporations are pushing for two of their favorite loopholes to be renewed. It's up to us to stop them.
Tell Congress to make big corporations pay their fair share of taxes – and start by ending these loopholes.
Congress: Stop letting large corporations and banks like General Electric, Goldman Sachs and Citigroup hide their profits offshore to avoid paying U.S. taxes. End the "Active Financing Exception" and the "CFC Look-Through Rule."
Alliance for Retired Americans
Americans for Tax Fairness
Campaign for America's Future
Democracy for America
National People's Action
National Priorities Project
Rebuild the Dream
The Other 98%