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New Report: Corporate Tax Transparency Becoming the Global Norm

April 23, 2019

Investors, Businesses, and Policymakers Increasingly Take Steps Toward Public Country-by-Country Reporting of Tax Information
WASHINGTON, D.C. – Public disclosure of multinational corporations’ disaggregated profits and taxes is steadily progressing toward a global norm as investors, businesses, and policymakers have increasingly taken steps toward transparency, according to a new study published Tuesday by the Financial Accountability and Corporate Transparency (FACT) Coalition.

FACT Submitted Comments for the Record to the House Financial Services National Security Subcommittee

March 27, 2019

The Financial Accountability and Corporate Transparency Coalition (FACT Coalition) submitted comments for the record to the House Financial Services Committee’s Subcommittee on National Security, International Development and Monetary Policy on their hearing recent hearing on corporate transparency. The full letter can be read below or downloaded here.

Letter to GRI in Support of Exposure Draft on “Tax and Payments to Governments”

March 15, 2019

The Financial Accountability and Corporate Transparency Coalition (FACT Coalition) sent a letter to the Global Reporting Initiative in support of their exposure draft on “Tax and Payments to Governments”.

New Bill Removes Tax Incentives to Shift Profits and Operations Offshore

March 14, 2019

“No Tax Breaks for Outsourcing Act” Endorsed by 57 National Organizations, Sponsored by 80 Members of Congress
WASHINGTON, D.C. – Eighty lawmakers introduced legislation Wednesday that would equalize the tax rates for domestic businesses and multinational corporations — reducing the tax incentive to shift profits and operations overseas that were enacted under the recent tax overhaul, according to the Financial Accountability and Corporate Transparency (FACT) Coalition.

Letter to Congress in Support of the Kleptocracy Asset Recovery Rewards Act (H.R. 389)

March 13, 2019

The Financial Accountability and Corporate Transparency Coalition (FACT Coalition) sent a letter to the House Financial Services Committee in support of the Kleptocracy Asset Recovery Rewards Act (H.R. 389). The full letter can be read below or downloaded here.

Letter to IRS on Guidance Related to the Foreign Tax Credit

February 5, 2019

The FACT Coalition filed a comment on February 5, 2019 with the Internal Revenue Service (IRS) on Guidance Related to the Foreign Tax Credit [REG–105600–18]. The full letter can be read below or downloaded here.