FACT Coalition Calls on Congress to End “America-Last” Tax Policies
By addressing unfair tax breaks given to U.S.-based multinational corporations, Congress can help level the playing field for wholly domestic businesses, end incentives for offshoring, and raise more than one trillion dollars in new revenues.
Latest News
Australia Takes Massive Leap Forward for Tax Transparency, Treasury Appeals CTA Injunction: Just the FACTs 12/12/2024
New country-by-country reporting requirements for major multinationals doing business in Australia represent massive breakthrough for global tax transparency, and Treasury appeals misguided nationwide injunction against enforcement of the Corporate Transparency Act.
Texas Judge Wrongly Halts Enforcement of Landmark Anti-Money Laundering Law
A nationwide preliminary injunction preventing Treasury from enforcing the Corporate Transparency Act “is a Christmas gift to criminals who use anonymous shell companies to traffic fentanyl, exploit people, and hide dirty money.”
FACT Applauds Australia’s Passage of Groundbreaking New Tax Transparency Requirements for Major Multinationals
Many companies, including as many as half of all large U.S. multinationals, will soon begin publicly reporting tax and other financial information for a range of high-risk jurisdictions typically associated with profit shifting and related tax avoidance schemes.
Treasury Advances Implementation of Landmark Anti-Money Laundering Regulations for Real Estate Transactions: Just the FACTs 11/22/2024
In this month’s news roundup, Treasury releases reporting form advancing landmark anti-money laundering regulations for U.S. residential real estate markets, FACT now hiring, and other highlights from FACT’s publications and our allies.