US Financial Secrecy Fuels Illicit Financial Flows from Environmental Crimes, New Report Finds

FACT’s latest report draws on interviews with local and regional activists, indigenous leaders, anti-money laundering experts, and government officials in Peru, Colombia, and the United States to show how U.S. financial secrecy helps facilitate environmental crimes.

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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.

Press Releases & Statements

FACT Urges Australia to Resist Pressure for Further Changes to Key Tax Transparency Law

Pressure from the Organization for Economic Cooperation and Development contributed to the Australian government’s decision to alter and delay legislation mandating public country-by-country reporting from large multinational companies last month, according to recent front-page reporting by the Financial Times.

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FACT Submits Statement on Beneficial Ownership Transparency Ahead of UN Anti-Corruption Conference

November 28, 2023 | Comment Letters

Read FACT’s official comment urging global governments to strengthen existing systems and multilateral cooperation on beneficial ownership transparency ahead of the 10th Conference of State Parties to the UN Convention Against Corruption.

FACT, Allies Make the Case at UN for Enhanced Tax Transparency Measures to Meet Sustainable Development Goals

November 17, 2023 | Press Releases & Statements

FACT executive director Ian Gary joined experts and allies from Oxfam America, Tax Justice Network Africa, UNDP, and the Australian and Nigerian governments for a panel on global tax transparency as a part of the UNDP’s Dialogue on Tax and SDGs in New York.

61 Labor Groups and NGOs Call on Congress to Close International Tax Loopholes

November 13, 2023 | Legislative Letters

61 labor and advocacy organizations are calling on Congress to pass the No Tax Breaks for Outsourcing Act, which levels the playing field for American small businesses by removing incentives in the tax code that reward major multinationals for offshoring and profit shifting.

What the Microsoft Tax Case Shows Us About Tax Transparency

November 8, 2023 | Blog

In her debut blog, FACT policy director Zorka Milin details how the ongoing Microsoft profit shifting dispute makes a clear case for greater tax transparency requirements for major multinationals.