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07.02.2013 13:14 Age: 4 yrs
Category: Press Releases
Jubilee USA Network Statement on the Corporate Tax Fairness Act
Contact: Jennifer Tong, Communications Director
Jubilee USA Network Statement on the
Corporate Tax Fairness Act
WASHINGTON, DC - Jubilee USA Network Executive Director, Eric LeCompte, releases the following statement on the introduction of the Corporate Tax Fairness Act today by Senator Bernie Sanders (I-VT) and Representative Jan Schakowsky (D-IL):
"The Corporate Tax Fairness Act would generate more than $590 billion in revenue over the next ten years by ending the use of offshore tax havens by corporations," noted Eric LeCompte, Executive Director of Jubilee USA Network. Jubilee USA has won more than $130 billion in debt relief for poor countries.
"By addressing this behavior in the US, it sends a strong message that this kind of corporate behavior worldwide is unacceptable. This is behavior that makes dodgy business practices the status quo and perpetuates the cycle of poverty around the globe," said LeCompte.
Jubilee USA Network is an alliance of more than 75 US organizations, 250 faith communities and 50 Jubilee global partners working to build an economy that serves, protects and promotes participation of the most vulnerable. Jubilee USA Network has won critical global financial reforms and more than $130 billion in debt relief for the world's poorest countries. www.jubileeusa.org