JULY 28th REPORT LAUNCH
Investors are fumbling around in the dark trying to assess tax and geopolitical risks facing multinational companies. FACT’s latest report, “A Material Concern: The Investor Case for Country-by-Country Reporting,” spotlights examples of dramatic revenue and tax implications for investors stemming from global events and tax practices of major multinational companies like Amazon, Pfizer, McDonalds, Shell, and Dell, that current public company disclosure requirements fail to address.
FACT hosted Senator Chris Van Hollen and leading corporate and investor voices to discuss the findings of the report and the importance of PCbCR to achieving more efficient and transparent capital markets.
Latest News
Revenue Raisers in Inflation Reduction Act Better Position U.S. for Ending Tax Dodging by Multinational Enterprises, But There is Much Left to Accomplish: Just the FACTS: August 9
On August 8, the FACT Coalition applauded the inclusion of crucial investments in the Internal Revenue Service (IRS), and specific measures to combat tax dodging by multinational corporations in the Inflation Reduction Act of 2022, which the Senate enacted over the weekend.
Inflation Reduction Act Now, International Tax Reform Tomorrow
The Financial Accountability and Corporate Transparency (FACT) Coalition welcomes inclusion of critical investments in the Internal Revenue Service (IRS) and important but incremental steps to tackle tax dodging by multinational enterprises as part of the Inflation Reduction Act of 2022 passed by the Senate this weekend.
Senate Falls Short on Crucial Funding for U.S. Financial Crime Fighters
Today, the Senate Appropriations Committee released its draft appropriations bills for fiscal year 2023 that provided just $189 million to the Financial Crimes Enforcement Network (FinCEN). While it is an increase above FY2022 enacted levels, the Senate figure falls short of the funding approved last week by the House and requested by the President by a sum of $21 million.
FACT Sends Comments to Curb the Misuse of Trusts and Other Legal Arrangements – FATF Recommendation 25
August 1, 2022 | Comment Letters
The FACT Coalition offers advice to the Financial Action Task Force as a part of their public consultation on Recommendation 25.