tax loophole Archives - Americans for Financial Reform

Letter to Regulators: Letter to the IRS and Treasury on Tackling Systemic Tax Abuses by the Private Equity Industry

The 18 organizations urge the Internal Revenue Service (IRS) to prioritize rebuilding its auditing and enforcement capabilities in order to tackle systemic tax abuses, including in particular those by the private equity industry. The private equity industry has generated greater untaxed revenues over the past decades by structuring their funds to avoid taxes and through a strategy of misclassifying certain earnings, exploiting tax loopholes like carried interest, and utilizing complex and opaque business structures to shield earnings from IRS scrutiny. We applaud President Biden’s plans to fund the IRS and tax enforcement more robustly and believe that these needed changes are a strong argument for such additional resources.

Letter to Regulators: Coalition Letter on IRS Opportunity Zone Rules

The proposed loophole-ridden rules let investors to reap tax benefits for investments outside of the Opportunity Zones, compounding the program’s tendency to invest in booming areas that drive up housing costs and displace lower-income residents of color.

Letter to Regulators: Coalition Comment on Opportunity Zone Data Collection

24-Group Organizational letter on the need to collect data on Opportunity Zone tax break that could reduce affordable housing options, displacing lower-income families of color.

Letter to Regulators: AFR Education Fund Comment on Opportunity Zone Data Collection

AFR Education Fund comment on the need to collect data on Opportunity Zone tax break that could reduce affordable housing options, displacing lower-income families of color.