You are hereUS Chamber of Commerce

US Chamber of Commerce

warning: Creating default object from empty value in /home/campaign/public_html/modules/taxonomy/taxonomy.pages.inc on line 33.

Press Release: Campaign Finance Watchdog Spearheads Battle Against Anonymous Donations

Applauds IRS Initiative to Enforce Gift Tax of Fraudulent Non-Profits

Announcement Comes Months After Campaign Accountability Watch Sends Letter on Issue to AG Holder

WASHINGTON, May 16, 2011 /PRNewswire/ -- Campaign Accountability Watch (CAW), a watchdog at the forefront in the battle against secret campaign contributions, today applauded the IRS for announcing it will seek payment of a gift tax of 35% for donations made to non-profit organizations involved in electoral campaigns. CAW called it a good "first step" to reigning in these organizations.

CAW sent a letter on October 25, 2010 to Attorney General Holder seeking a special prosecutor for the misuse of non-profit organizations to hide the source of electoral donations.

The letter specifically highlighted the provision in the law that the IRS is now addressing:
…press reports indicate that these same 501c(4) organizations are not advising their donors that their donations are taxable as a 'federal gift tax' at a rate of 35%, thereby both misleading the donors and depriving the federal government of potentially hundreds of millions in tax revenue. 

Search


Partners

Backbone Campaign
ReclaimDemocracy.org
Center for Media and Democracy
ProsperityAgenda.us
Liberty Tree
Democrats.com
Progressive Democrats of America
Peoples Email Network
Justice Through Music
ePluribusMedia
Locust Fork Journal
Berkeley Fellowship UU\'s Social Justice Committee
BuzzFlash
The Smirking Chimp
Progressive Democrats Sonoma County
BanksterUSA
Chelsea Neighbors United
Atlanta Progressive News
Yes Men
Mark Crispin Miller
NY Metro Progressives
PDA NY CD 14
No More Stolen Elections
Earl Katz-Producer
Dorothy Fadiman-Producer
Bob Fitrakis
Free Press
Columbus Institute
NC Coalition For Verified Voting
American Citizens Together
Delaware Maryland Action Network
Voters Evolt
True Vote 
The People's Activist Network
WeThePeopleNow.Org