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.
Latest News
Support for Multinational Tax Transparency Reaches New High as FACT Allies Lead Shareholder Proposal Push
Oxfam America leads the push for tax transparency in the extractives sector, FACT submits comments to FASB on proposed income tax disclosure revisions, and Australia prepares to vote on public country-by-country reporting.
New Analysis Shows Investors Representing $10T Support Greater Tax Transparency for Large Multinationals
FACT Coalition member Oxfam America released new statistics detailing support by investors with over $10 trillion in assets under management for public country-by-country reporting of tax and operational data for large multinationals.
Need for Additional FinCEN Funding Front and Center at Congressional Hearing
Top Treasury officials outline recent and upcoming anti-money laundering initiatives before Congress, and FACT submits comments advising swift passage and implementation of new Australian tax transparency draft legislation.
FACT Submits Comments to FASB on Proposed Revisions to Topic 740
May 30, 2023 | Comment Letters
In comments submitted May 30, FACT recommended that the Financial Accounting Standards Board expand its proposed revisions to tax disclosure requirements to include additional information on revenues, income, and effective tax rates on a disaggregated basis.