New Analysis Reveals Corporations That Have Spoken Out Against or Lobbied on Tax Provisions in Biden’s Build Back Better Plan Have Histories of Tax Avoidance and Schemes 

Washington, D.C. — Today, government watchdog Accountable.US released a new report finding a group of major corporations that have already spoken out and/or lobbied against the tax provisions in President Biden’s Build Back Better blueprint have sordid histories of tax avoidance and tax schemes, amounting to billions of dollars in lost federal revenue. The analysis comes as the U.S. Senate passed its budget blueprint that calls for investments in child care, paid leave, education, and climate change programs to be paid for by asking big corporations and the wealthy to pay their fair share of taxes.   

Accountable.US identified eight companies, including Walmart, Walgreens, Shell Oil, and Accenture, that have explicitly lobbied on corporate tax provisions in Biden’s American Jobs Plan along with four companies whose executives publicly pushed back against the provisions, all while also avoiding paying their fair share.  

“Corporations that have exploited tax loopholes for years—avoiding tens of billions of dollars in taxes through elaborate schemes and literally thousands of offshore subsidiaries—are desperate to keep the system rigged in their favor at the expense of working families. The last people lawmakers should be listening to for policy advice are tax-dodging executives who have made out like bandits the last four years, while more and more Americans have lost hope of reaching the middle class,” said Kyle Herrig, president of Accountable.US. “Trump’s tax cuts for the rich furthered income inequality and shortchanged priorities that would build a stronger economy for all. Companies that want to continue benefiting from public investments without chipping in their fair share should not have even have a seat at the table in this debate. Congress should instead listen to the vast majority of Americans that want to see big businesses finally contribute their fair share, let alone what they already owe.” 

Read the full analysis from Accountable.US HERE.

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