U.S. Court of Appeals Upholds the Corporate Transparency Act
“The Court’s decision confirms what Congress understood and intended when it originally passed this legislation: that anonymous companies are drivers of fraud, drug trafficking, and the threats posed by terrorists and transnational criminal organizations.”
- Erica Hanichak, deputy director of the FACT Coalition.
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Criminals Get Free Pass in Treasury’s Rule Rolling Back Protections to Fight Dirty Money
“By failing to fulfill Congress’ mandate for greater financial integrity, the Treasury Department has handed a major victory to U.S. adversaries, corrupt officials, fraudsters, and tax evaders who use our financial system to move and hide illicit wealth.”
– Erica Hanichak, co-director of the FACT Coalition
U.S. Corporate Tax Transparency Bill Reintroduced, FinCEN Hearing Foregrounds CTA Rollback – Just the FACTs 8/6/26
In this month’s edition of Just the FACTs, FACT-endorsed corporate tax transparency legislation is reintroduced in the House and Senate, sparks fly at FinCEN’s annual HFSC oversight hearing, FACT announces an event bridging transparency issues and American democracy, and more.
Event: From Hidden Wealth to Public Trust – Reclaiming Our Democracy
Join the FACT Coalition on September 22 for a conversation with Vanessa Williamson (Brookings) and Casey Michel (Human Rights Foundation) exploring why good tax policy and financial transparency are essential to American democracy.
Ireland, AI and Microsoft’s Vanishing Tax Bill
Microsoft’s new financial disclosures demonstrate the challenge facing policymakers interested in taxing AI: massive investment in the sector is lowering tax collected today, and even when the technology becomes profitable loose international tax rules mean the U.S. might not get much new revenue.