Treasury Reopens the Floodgates to Dirty Money in the U.S.
The Treasury Department’s decision to limit reporting requirements under the landmark Corporate Transparency Act to only foreign entities is a boon for fentanyl traffickers, domestic criminals, and tax cheats.
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Budget Megabill Becomes Law, Including $170b in Tax Breaks for U.S. Multinationals: Just the FACTs 7/10/25
Congress’ budget reconciliation bill becomes law, including trillions of dollars of highly regressive tax cuts for wealthy individuals and corporations at the cost of steep cuts to healthcare, food assistance, and climate programs.
Congress Provides Tax Breaks for Large Corporations While Cutting Health, Climate Programs
Congress’ final reconciliation bill moves nearly every aspect of the tax code in the wrong direction, gutting essential programs and job-creating green energy incentives in favor of highly regressive tax cuts for wealthy individuals and multinational corporations.
G7 Tax Announcement and Senate Bill Are Wins for Tax Havens and Multinational Corporations, Not U.S. Tax Sovereignty
Instead of undermining multilateral tax cooperation, Congress should address incentives in the U.S. tax code that encourage the offshoring of jobs and profits by American multinational companies.
FACT Submits Comments on Reporting Form for Landmark Real Estate AML Regulations
July 8, 2025 | Comment Letters
Read FACT’s comments to Treasury on the final reporting form that will be used by covered entities and individuals under groundbreaking new anti-money laundering regulations for all-cash real estate purchases.