Lawmakers Should Oppose Delaney’s Two Tax Giveaways
Rep. John Delaney's "Partnership to Build America Act" and "Infrastructure 2.0 Act" would exacerbate offshore tax haven abuse.
Congress Votes to Kill Anti-Corruption Safeguard
In one of the first votes of the new Congress, lawmakers utilized a controversial procedure and voted to kill a landmark anti-corruption measure.

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Incorporation Transparency

Did you know that it is easier to form a company in the U.S. than it is to get a library card?

American and foreign terrorists, narco-traffickers, arms dealers, corrupt foreign officials, tax evaders and other criminals easily and regularly set up anonymous U.S. companies to launder their money with impunity.

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Tax Evasion and Avoidance

Average Taxpayers and Small Business Owners Foot the Bill for Offshore Tax Loopholes

The current tax code is riddled with loopholes inserted by special interests that result in wealthy individuals and large, multi-national corporations shifting their tax responsibilities to small and domestic businesses, and average taxpayers.

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anti-money laundering

The current approach to combating money laundering is failing and we need a clear, strong, and comprehensive approach to fixing it.

Rampant corruption among individuals and governments around the world and newspaper headlines filled with reports…

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  • Trump Voids Anti-Corruption Safeguard

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    President’s Action Likely to Raise Costs on American Businesses, Undermine National Security

    WASHINGTON, D.C. — Clark Gascoigne, the deputy director of the FACT Coalition, issued the following statement in response to President Donald Trump’s signing of a Congressional Review Act resolution of disapproval (H.J.Res.41) voiding the implementing provisions of the bipartisan Cardin-Lugar anti-corruption safeguard, also known as Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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  • Congress Votes to Kill Anti-Corruption Safeguard

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    Rolling Back Extractives Transparency Measure Will Hamper National Security

    WASHINGTON, D.C. – In one of the first substantive votes of the new Congress, the U.S. Senate utilized a controversial procedure and voted this morning (52-47) to kill a landmark anti-corruption measure, known as Cardin-Lugar (or Section 1504 of the Wall Street Reform and Consumer Protection Act of 2010)—in a move panned by non-partisan anti-corruption experts.

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  • Mnuchin’s Offshore Companies Underscore Need to Tackle Tax Havens in Tax Reform

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    Statement by FACT Deputy Executive Director Clark Gascoigne

    WASHINGTON, D.C. – The offshore companies controlled by Treasury Secretary-designate Steven Mnuchin featured prominently in his Senate confirmation hearings held last week in Washington.  It was revealed that the former investment banker managed companies with assets in Anguilla and the Cayman Islands, both widely recognized as tax havens.

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