Press Release | CPA Supports Racketeering Case against Huawei

Chinese telecom giant has stolen its way to high-tech dominance Washington. The Coalition for a Prosperous America (CPA) today praised the Trump administration for charging Huawei Technologies Co. and two U.S. subsidiaries with racketeering and intellectual property theft. CPA strongly supports federal efforts to prosecute Huawei and other state-owned enterprises in China that engage in…

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Facebook and IRS Prepare for $9 Billion U.S. Tax Court Fight

Editor’s Note: Adopt Sales Factor Apportionment taxation and this tax litigation becomes irrelevant. Because internal profit shifting becomes irrelevant. Simply tax MNC global profit in proportion to sales occurring in US. Ignore subsidiaries. Government challenges social-media giant’s transactions with its Irish subsidiary [Richard Rubin | February 8, 2020 | WSJ] Facebook Inc. FB 0.03% and the…

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Press Release | CPA Applauds New Commerce Department Currency Manipulation Rules

Long-overdue rule says currency undervaluation is a trade subsidy Washington. The Coalition for a Prosperous America (CPA) today stated its appreciation for a new Department of Commerce rule that would impose countervailing duties on imports benefiting from foreign currency undervaluation. CPA has long supported such action and was a key advocate for House and Senate…

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CPA Statement on 2019 Trade Deficit Decline

U.S. Trade Deficit Declines in 2019 China trade gap falls significantly due to tariffs Washington. Federal data released this morning show that America’s enormous international trade deficit in goods and services fell in 2019 for the first time in six years. According to the U.S. Commerce Department, the trade deficit dropped 1.7 percent to $616.8…

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