Make Corporations Pay Their Fair Share
Big corporations — including GE, Burger King and more — are using their lobbyists and campaign contributions to rig the tax system in their favor, and some pay nothing in taxes.
That costs the rest of us $100 billion per year in lost taxes.
Everyone should play by the same rules
It's about time that rich corporations start living by the same rules as the rest of us. We're working to ensure that corporations pay their fair share of taxes — so we can use that money to build an America that works for everyone.
We are working to close each and every loophole that rewards companies for sending profits overseas. We believe that local businesses shouldn’t have to compete with other paying a much lower tax rate because they can take advantage of complicated tax schemes.
How a big company can avoid paying taxes
Facebook: Thanks to a reduction in taxes for executive stock options, Facebook not only paid no taxes on its profits in 2013, it was awarded a $429 million refund — and they will continue to get huge tax breaks from this loophole, totaling about $3 billion in years to come.
GE: By keeping profits overseas, GE has consistently avoided paying its fair share of taxes. Between 2008 and 2010, despite reporting more than $10 billion in income, GE received $4.7 billion tax rebates — a negative 45% tax rate!
ExxonMobil: In 2009, ExxonMobil earned $2.5 billion in profits, but received $156 million in tax refunds.
Burger King: In 2014, Burger King bought a smaller Canadian company called Tim Hortons, and then used a loophole to declare the new merged company a Canadian one, taxed at the lower Canadian rate. It’s called an “inversion” and it costs the government billions of dollars each year.
Our Plan: Make sure Congress hears from people like you
Every day until they get rid of these unfair loopholes, Fair Share will make sure that people like you have the chance to voice your disappointment directly to their members of Congress.