US Financial Secrecy Fuels Illicit Financial Flows from Environmental Crimes, New Report Finds
FACT’s latest report draws on interviews with local and regional activists, indigenous leaders, anti-money laundering experts, and government officials in Peru, Colombia, and the United States to show how U.S. financial secrecy helps facilitate environmental crimes.
Read FACT’s official comment urging global governments to strengthen existing systems and multilateral cooperation on beneficial ownership transparency ahead of the 10th Conference of State Parties to the UN Convention Against Corruption.
FACT, Allies Make the Case at UN for Enhanced Tax Transparency Measures to Meet Sustainable Development Goals
FACT executive director Ian Gary joined experts and allies from Oxfam America, Tax Justice Network Africa, UNDP, and the Australian and Nigerian governments for a panel on global tax transparency as a part of the UNDP’s Dialogue on Tax and SDGs in New York.
61 labor and advocacy organizations are calling on Congress to pass the No Tax Breaks for Outsourcing Act, which levels the playing field for American small businesses by removing incentives in the tax code that reward major multinationals for offshoring and profit shifting.
In her debut blog, FACT policy director Zorka Milin details how the ongoing Microsoft profit shifting dispute makes a clear case for greater tax transparency requirements for major multinationals.