And thank you to our witnesses for being here today and taking valuable time out of your lives to come here and talk to us about this very important issue. Tax advantages have allowed nonprofits to underwrite coordinated campaigns, politicize the courts and … These litigation financiers are adopting aggressive tax positions. They claim their deals are subject to capital gains rather than ordinary income tax rates. … with foreign entities such as those tied to the CCP funding US tax exempt nonprofits to support climate litigation and other lawfare against American energy companies. (00:16–01:20)
CLAIM
Asserts that litigation financiers use tax strategies to reduce tax liabilities.
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