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.

Read FACT's Statement

Fairness, Transparency, and Enforcement: FACT’s Principles for Taxing U.S. Multinational Corporations After 2025

With negotiations surrounding the expiration of large parts of the 2017 Tax Cuts and Jobs Act already underway, lawmakers must move quickly to close costly loopholes, prevent offshoring of jobs and profits, and provide adequate tax transparency for U.S. multinational corporations.

Resources

Full Report: “Dirty Money and the Destruction of the Amazon: Uncovering the U.S. Role in Illicit Financial Flows from Environmental Crimes”

Click here to read the FACT Coalition’s latest report analyzing the ways in which U.S. financial secrecy helps abet and reward environmental criminals in the Amazon region.

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Latest News

Policy Brief: Dissecting Congress’s $170b Tax Cut for U.S. Multinational Corporations

July 15, 2025 | Briefing Memos

While the 2025 tax law’s international tax provisions have been labelled “America-first”, in reality, most of the changes will lower the effective tax rates multinationals pay on foreign income, further incentivizing the movement of investment and income abroad. 

Budget Megabill Becomes Law, Including $170b in Tax Breaks for U.S. Multinationals: Just the FACTs 7/10/25

July 10, 2025 | Newsletter

Congress’ budget reconciliation bill becomes law, including trillions of dollars of highly regressive tax cuts for wealthy individuals and corporations at the cost of steep cuts to healthcare, food assistance, and climate programs.

FACT Submits Comments on Reporting Form for Landmark Real Estate AML Regulations

July 8, 2025 | Comment Letters

Read FACT’s comments to Treasury on the final reporting form that will be used by covered entities and individuals under groundbreaking new anti-money laundering regulations for all-cash real estate purchases.

Congress Provides Tax Breaks for Large Corporations While Cutting Health, Climate Programs

July 3, 2025 | Press Releases & Statements

Congress’ final reconciliation bill moves nearly every aspect of the tax code in the wrong direction, gutting essential programs and job-creating green energy incentives in favor of highly regressive tax cuts for wealthy individuals and multinational corporations.