FACT Pushes SEC to Require Public Country-by-Country Reporting
In a submission to the SEC, the FACT Coalition notes that public disclosure of country-by-country financial information would better inform investors.
Anonymous Companies Fueling Waste, Fraud, and Abuse of Taxpayers’ Money
A new Global Witness report highlights how anonymous shell companies are ripping-off taxpayers and putting the lives of American military personnel at risk.

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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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  • World’s Largest Banks Endorse Ending Anonymous Shell Companies

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    Letter from The Clearing House Endorses Bipartisan Incorporation Transparency and Law Enforcement Assistance Act

    WASHINGTON, D.C. – On Monday, the Clearing House Association—representing the world’s largest commercial banks—sent a letter to Congressional lawmakers supporting strong measures to crack down on the abuse of anonymous companies.  The group, which counts among its owners Bank of America, Citibank, JPMorgan Chase, and Wells Fargo, explicitly endorses the bipartisan Incorporation Transparency and Law Enforcement Assistance Act (H.R.4450, S.2489).

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  • New Report: Anonymous Shell Companies Driving Opioid Epidemic

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    New Fair Share Study Highlights 10 Cases that Connect Opioid Trafficking and Related Money Laundering to Anonymous Companies

    WASHINGTON, D.C. – As opioid overdose deaths skyrocket, a new report released today by Fair Share Education Fund—a member of the FACT Coalition—highlights the role of anonymous shell companies in facilitating the money laundering, which drives the drug traffickers behind the crisis.  Titled “Anonymity Overdose,” the report highlights 10 cases that connect opioid trafficking and related money laundering to anonymous shell companies.

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  • Experts Troubled by Treasury Secretary Taking on “Role of Tax Lobbyist” for Apple

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    Statement by FACT Executive Director Gary Kalman

    WASHINGTON, DC – U.S. Treasury Secretary Jack Lew is traveling to Europe this week for, among other reasons, the purpose of talking with European Commission officials to argue against invalidating a special tax deal that allows Apple to direct tens of billions of dollars in worldwide revenues to Ireland and pay a tax rate in the range of 1%.

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