Treasury Reopens the Floodgates to Dirty Money in the U.S.
The Treasury Department’s decision to limit reporting requirements under the landmark Corporate Transparency Act to only foreign entities is a boon for fentanyl traffickers, domestic criminals, and tax cheats.
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G7 Tax Announcement and Senate Bill Are Wins for Tax Havens and Multinational Corporations, Not U.S. Tax Sovereignty
Instead of undermining multilateral tax cooperation, Congress should address incentives in the U.S. tax code that encourage the offshoring of jobs and profits by American multinational companies.
Senate Misses Opportunity to Reform Our America-Last Tax Code
Small steps in the right direction do not address the core problem of our international tax code: there is no reason to keep giving tax breaks to companies when they move profits and jobs overseas.
Backlash Mounts to Treasury’s Gutting of CTA, House Tax and Spending Bill to be Considered by Senate: Just the FACTs 6/12/25
Lawmakers, small business groups, national security experts, and law enforcement organizations speak out against Treasury’s gutting of the Corporate Transparency Act, and Senate tax negotiations could decide the fate of tax loopholes for U.S. multinational companies.
The “Big, Beautiful Bill” has a Big Illicit Finance Problem
A new tax on money sent from the U.S. to other countries by non-citizens will only serve to drive immigrants toward less secure, informal money transfer services, write FACT’s Julia Yansura and Zorka Milin.