A little-known IRS loophole allows outside investors to fund and secure massive profits in American courts without paying their fair share of U.S. taxes.
Foreign actors inappropriately assert a tax break on lawsuit profits, allowing many of them to avoid paying a dime in U.S. taxes on winnings.
The current U.S. tax code incentivizes wealthy foreign investors to abuse the American court system, which U.S. families pay for in the form of a "tort tax."
Foreign entities drain billions of dollars from the U.S. economy, diverting funds from American innovation and job creation.
Congress is working to close this tax loophole to stop foreign agents from taking advantage of the U.S. justice system for tax-free profit. It's time to protect working families, lower litigation-driven costs for consumers, and deliver a win for America.
