Massive “Pandora Papers” Financial Secrecy Leaks Highlight Need for U.S. Reforms

FACT's Executive Director Ian Gary responds to the massive Pandora Papers Leak: “The revelations of the Pandora Papers show that the Panama Papers were not a one-off example of a rogue law firm but just the tip of the financial secrecy iceberg, and the massive corruption it hides. The U.S. is deeply implicated, secretly sheltering billions of dollars from outside the U.S. in places such as South Dakota and Nevada, and it is time for strong action by the Biden Administration and Congress.”

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Congress Must Strengthen Proposed International Tax Measures in Line with Biden’s Tax Plans

FACT urges the House Ways & Means Committee to make critical revisions to its draft Committee Tax Plan (the “Plan”) to help curb tax-haven abuse, protect American jobs, and begin to meet the challenge set by the Biden Administration to end the international race to the bottom in corporate tax collections.

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Briefing Memo: International Tax Policy and US Competitiveness

A major concern against Biden’s Made in America Tax Plan is that it could harm US competitiveness, however opponents overlook the existence of two different kinds of competitiveness–that of US multinational corporations and that of the US and its workers.

Briefing Memos
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Latest News

Rep. Doggett to Discuss the Impact of OECD’s New Tax Framework for US Businesses and Workers with the FACT Coalition

October 28, 2021 | News & Events

and Oxfam America to discuss the impact that a global agreement on the taxation of multinational companies would have on the U.S. economy.

FACT Joins 31 Civil Society Organizations and Experts to Send Letter to the Senate in Support of Six Bipartisan Anticorruption Measures

October 27, 2021 | Legislative Letters

FACT Joins 31 Civil Society Organizations and Experts to Send a Letter to the Senate Armed Services Committee in Support of Six Bipartisan Anticorruption Measures

To Fund Climate Investments and Enforce Environmental Protections, the Era of Tax Secrecy Must End

October 22, 2021 | Blog

Tax and climate activists have a rare opportunity to join forces on public country-by-country reporting, a key tool to ending the global race to the bottom and unveiling unsustainable business practices.

31 Civil Society Organizations Send Letter to FinCEN in Support of Strong Beneficial Ownership Implementation

October 21, 2021 | Comment Letters

31 Civil Society Organizations Send Letter to FinCEN in Support of Strong Beneficial Ownership Implementation