WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded Senate Finance Committee Chair Ron Wyden (D-OR) and Senate Finance Committee Member Rob Portman (R-OH) for releasing a discussion draft of legislation to disallow Foreign Tax Credits for companies that pay taxes to the Russian government, and other tax benefits. Yesterday, CPA released a…
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded a proposal by U.S. Senator Ron Wyden, Chairman of the Senate Finance Committee, that would eliminate tax breaks for Russian oligarchs and bar companies from claiming foreign tax credits for levies paid to Russia and Belarus. Last month, CPA called for trade and financial…
by Jeff Ferry and David Morse Jeff Ferry is chief economist and David Morse is tax policy director at the Coalition for a Prosperous America. They thank Mary Hollenbeck for her data collection and additional research for this article. In this article, Ferry and Morse examine the advantages and disadvantages of pillar 1 of the…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement on provisions within the House-passed Build Back Better Act (H.R.5376) that seek to resolve multinational tax avoidance that plagues the U.S. Treasury and puts U.S. domestic companies at a significant disadvantage to multinational competitors. Specifically, the reforms in the legislation would change…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement on legislative efforts to resolve multinational tax avoidance that plagues the U.S. Treasury and puts U.S. domestic companies at a significant disadvantage to multinational competitors. Specifically, CPA supports reforms to the U.S. corporate tax system that prohibit tax avoidance through the book…
David Morse \ June 2021 \ MarketWatch Every year, dozens of large multinational corporations generate enormous profits in America’s lucrative consumer market. But thanks to clever profit shifting, they’re able to avoid paying much of their U.S. corporate-tax obligations. In fact, a study by the Coalition for a Prosperous America (CPA) found that America’s 500…
WASHINGTON — The Coalition for a Prosperous America (CPA) released a statement after the Finance Ministers and Central Bank Governors of the G7 economies announced that they support the Organization for Economic Cooperation and Development’s (OECD) efforts “to address the tax challenges arising from globalisation and the digitalisation of the economy and to adopt a…
On April 23, 2021, the Coalition for a Prosperous America responded to the request for comments by the staff of the Senate Finance Committee regarding a tax framework proposal made by Senator Wyden, Senator Brown, and Senator Warner. April 23, 2021 The Honorable Ron Wyden Chairman United States Senate Committee on Finance 219 Dirksen Senate…
On March 25, 2021, David Morse, CPA’s Tax Policy Director submitted a written testimony before the Senate Committee on Finance. As the Senate Committee on Finance conducts a review of U.S. international tax policy about American employment and investment, the Coalition for a Prosperous America (CPA) offered its views as a nonprofit, nonpartisan organization representing…
Biden’s new tax proposal benefits renewable energy. But where tax credits are concerned, can individuals and companies that get those tax credits then use the capital to import green tech from China? What’s stopping them?
