Investors, Small Businesses, Lawmakers, and NGOs Push OECD to Require Public Country-by-Country Reporting of Key Tax Information for Multinational Corporations

WASHINGTON, D.C. — A diverse set of stakeholders has called on the Organizations for Economic Cooperation and Development to mandate public disclosures of key tax information for multinational corporations.  Originally agreed to in 2015, the OECD is reviewing its standard on country-by-country reporting of tax information. The deadline for filing public comments was Friday, March 6^th.

Disclosure of Tax Havens and Offshoring Act Would Codify Emerging Trend Toward Tax Transparency

Washington, D.C. — House lawmakers unveiled legislation on Thursday that would require multinational corporations to publicly disclose key tax and financial information on a country-by-country basis.

Experts See Reason for Optimism as U.S. Policymakers Push Legislation to End Anonymous U.S. Companies

WASHINGTON, D.C. — The United States is the second largest provider of financial secrecy in the world, trailing only the Cayman Islands, according to a new index published today by the London-based Tax Justice Network (TJN).

New Rule from Global Reporting Initiative Could Bring Public Country-by-Country Reporting of Taxes, Profits, Revenues, and Employees to Thousands of Companies

WASHINGTON, D.C. – A global sustainability standard-setting body finalized a proposal on Thursday to have multinational companies publicly disclose basic financial information on a country-by-country basis — a move that was praised by transparency advocates.

First Time Legislation to End Anonymous Companies Passes Either Chamber of Congress

Measure Received Support from White House Prior to Vote

Statement by Gary Kalman, Executive Director of the FACT Coalition

WASHINGTON, D.C. — With a bipartisan vote of 249 to 173, the House of Representatives passed a bipartisan bill Tuesday night to update federal anti-money laundering laws and end the incorporation of anonymous companies in the U.S.  After more than a decade of debate in Washington, Tuesday’s vote in favor of the Corporate Transparency Act of 2019 (H.R.2513) represents the first time that legislation to end anonymous companies has made it through either Chamber of Congress.

ILLICIT CASH Act Opens Viable Pathway to Senate Passage

Statement by Gary Kalman, Executive Director of the FACT Coalition

WASHINGTON, D.C. — A bipartisan group of eight U.S. senators on a key Senate committee introduced legislation Thursday to update federal anti-money laundering laws and end the incorporation of anonymous companies in the U.S.

Wyden, Rubio, and Whitehouse’s “Corporate Transparency Act” — Companion to Maloney and King’s H.R.2513 — Would End Incorporation of Anonymous Companies in the U.S.

WASHINGTON, D.C. — Bipartisan momentum to end the incorporation of anonymous companies in the United States escalated on Wednesday following the publication of an international exposé on the scandal-plagued Odebrecht’s “Bribery Division,” as Senators Ron Wyden (D-OR), Marco Rubio (R-FL), and Sheldon Whitehouse (D-RI) introduced legislation that would require companies to disclose their true owner(s) when they incorporate and keep their ownership information up to-do-date.

Corporate Transparency Act of 2019 Moves Forward with Strong Bipartisan Support

WASHINGTON, D.C. — The House Committee on Financial Services voted 43-16 on Wednesday to advance a bipartisan measure to end the incorporation of anonymous companies that can be used for money laundering, terror financing, corruption and tax evasion.

House Committee to Vote on Corporate Transparency Act Tuesday

WASHINGTON, D.C. — A bipartisan group of four U.S. senators unveiled draft legislation to update federal anti-money laundering laws and end the incorporation of anonymous companies in the U.S. on Monday, as House lawmakers prepare to vote on their own bipartisan proposal to address the abuse of anonymous companies on Tuesday.

WASHINGTON, D.C. — Senate lawmakers introduced two pieces of legislation on Wednesday that would boost transparency of multinational corporations’ tax and employment practices while making it harder for companies to game the international tax system.