U.S. Senate Hearing Cues Another Shift Towards Ending Corporate Anonymity
In just the first two months of this year, we have seen anonymous shell companies become a major priority for Washington lawmakers.
FACT's Gary Kalman Testified in Front of the Senate Judiciary Committee at a Hearing on the TITLE Act, S. 1454
Gary Kalman, Executive Director of the FACT Coalition testified in front of the Senate Judiciary Committee on a bill which would end the abuse of anonymous shell companies by requiring companies to list the beneficial owner at the time of corporate formation.
2018: The Year Anonymous Companies End
The progress that was made last year is promising; 2018 could be the year we end anonymous shell companies once and for all.
  • New Report: U.S. the 2nd Biggest Tax Haven in the World

    Image: Lightspring / Shutterstock

    America Surpasses Cayman Islands, Second Only to Switzerland in Tax Justice Network’s Rankings of the World’s Largest Secrecy Jurisdictions

    WASHINGTON, D.C. – The United States has become the second largest tax haven in the world, according to a new report published Tuesday by the Tax Justice Network.

  • Tax Bill Threatens U.S. Jobs

    Credit: Orhan Cam/Shutterstock

    Fuels Tax Haven Industry and Increases Incentives to Move Operations Offshore

    WASHINGTON, D.C – Today, Congress passed the Tax Cuts and Jobs Act (H.R.1), and the President has indicated he will soon sign it into law. Among its many provisions, the bill changes the way in which corporations are taxed.

  • House Committee Votes to Repeal Anti-Corruption Safeguard

    Image: Lipik Stock Media / Shutterstock

    Rolling Back Extractives Transparency Measure Will Hamper U.S. National Security

    WASHINGTON, D.C. – The U.S. House Financial Services Committee voted 33-27 Wednesday to repeal a bipartisan anti-corruption safeguard — Section 1504 of the Wall Street Reform and Consumer Protection Act of 2010 — in a move that was criticized by the Financial Accountability and Corporate Transparency (FACT) Coalition.