Investors with More than $2.3 Trillion in Assets Demand SEC Rulemaking to Require Greater Multinational Tax Transparency

A new petition filed by FACT on behalf of 87 investors with more than $2.3 trillion in assets under management calls on the U.S. Securities and Exchange Commission to require public country-by-country reporting from U.S.-listed companies.

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Fairness, Transparency, and Enforcement: FACT’s Principles for Taxing U.S. Multinational Corporations After 2025

With negotiations surrounding the expiration of large parts of the 2017 Tax Cuts and Jobs Act already underway, lawmakers must move quickly to close costly loopholes, prevent offshoring of jobs and profits, and provide adequate tax transparency for U.S. multinational corporations.

Resources

Full Report: “Dirty Money and the Destruction of the Amazon: Uncovering the U.S. Role in Illicit Financial Flows from Environmental Crimes”

Click here to read the FACT Coalition’s latest report analyzing the ways in which U.S. financial secrecy helps abet and reward environmental criminals in the Amazon region.

Press Releases & Statements
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Latest News

Texas Judge Wrongly Halts Enforcement of Landmark Anti-Money Laundering Law

December 4, 2024 | Press Releases & Statements

A nationwide preliminary injunction preventing Treasury from enforcing the Corporate Transparency Act “is a Christmas gift to criminals who use anonymous shell companies to traffic fentanyl, exploit people, and hide dirty money.”

FACT Applauds Australia’s Passage of Groundbreaking New Tax Transparency Requirements for Major Multinationals

December 2, 2024 | Press Releases & Statements

Many companies, including as many as half of all large U.S. multinationals, will soon begin publicly reporting tax and other financial information for a range of high-risk jurisdictions typically associated with profit shifting and related tax avoidance schemes.

Treasury Advances Implementation of Landmark Anti-Money Laundering Regulations for Real Estate Transactions: Just the FACTs 11/22/2024

November 22, 2024 | Newsletter

In this month’s news roundup, Treasury releases reporting form advancing landmark anti-money laundering regulations for U.S. residential real estate markets, FACT now hiring, and other highlights from FACT’s publications and our allies.

FACT Calls on Lawmakers to Drop Harmful Rider Undermining Long-Overdue Tax Transparency Reforms

November 20, 2024 | Comment Letters

FACT urges appropriators to oppose a harmful House measure that would deny funding to the nation’s accounting standards setter unless it withdraws a long-awaited corporate income tax disclosure rule.