FACT Urges Treasury To Make Critical Improvements to Draft Regulation Implementing Landmark Corporate Transparency Act
The FACT Coalition calls on the Treasury Department to address critical weaknesses in a new proposed rule with the potential to severely undermine the effectiveness of the Corporate Transparency Act.
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FACT Coalition Calls on U.S. Treasury to Overhaul Draft Form with Potential to Gut Landmark Transparency Law
The proposed form allows reporting entities to report “unable to obtain” or “unknown” with respect to most relevant details regarding a given beneficial owner’s identity – including whether the company is even able to identify its beneficial owners in the first place.
Nation’s Financial Crime Fighters Poised for Needed Boost in President’s New Budget
The Biden Administration’s budget for fiscal year 2024 includes a much-needed 20 percent increase in funding for the Financial Crimes Enforcement Network. The big question now is whether Congress will deliver.
FACT-endorsed Tax Transparency Bill Reintroduced, FATF Suspends Russia, FACT is Hiring! – Just the FACTs 3/6/23
Also this week: a new blog by FACT government affairs director Erica Hanichak, and a great upcoming panel discussion cohosted by FACT, GATJ, and the Nawi Collective.
FACT Submits Comments Urging IRS to Continue Country-by-Country Data Collection
March 6, 2023 | Comment Letters
The FACT Coalition commends the IRS for its ongoing efforts to collect country-by-country reporting data on Form 8975, as well as its aggregation and publication of related information.