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
Investors Fly Blind Without Public Country-by-Country Reports
Without public country-by-country reporting, investors have little knowledge about the tax strategies of companies they own and the degree to which they may be engaging in risky tax behavior. The Securities and Exchange Commission must address the chasm between what companies know and what they disclose to investors.
Congress Finally Stands up to Tax Dodgers, but International Tax Loopholes Persist: Just the FACTs: August 24
On August 16, President Biden signed the Inflation Reduction Act (IRA) into law. The IRA, among other things, creates a corporate alternative minimum tax (CAMT) that applies a 15 percent minimum tax on the largest corporations worldwide, aggregate “book” income, adjusted for certain identified tax preferences.
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.