Erica Hanichak

Erica Hanichak, Government Affairs Director

House Takes Historic Step in Advancing Corporate Tax Transparency

The Financial Accountability and Corporate Transparency (FACT) Coalition hailed today’s passage of the Disclosure of Tax Havens and Offshoring Act in the House of Representatives. Championed by Rep. Cynthia Axne (D-IA), the legislation, included as Title V of the Corporate Governance Improvement and Investor Protection Act (H.R. 1187), requires multinational corporations registered with the Securities and Exchange Commission (SEC) to disclose their taxes paid and other key financial information publicly on a country-by-country basis.

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FACT Coalition Applauds Biden Administration Move to Establish the Fight Against Corruption as a “Core U.S. National Security Interest”

The Financial Accountability and Corporate Transparency (FACT) Coalition today warmly welcomed the Biden Administration’s move establishing combatting corruption at home and abroad as a core U.S. national security interest. The National Security Study Memorandum, and President Biden’s directive to the National Security Advisor to develop a national strategy to combat corruption, represents a significant and timely elevation of the fight against corruption and financial secrecy.

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FACT Welcomes U.S. Congressional Anti-Kleptocracy Caucus Committed to Financial Transparency and Rule of Law

The U.S. Congress announced today the formation of the new, bipartisan Caucus Against Foreign Corruption and Kleptocracy. The caucus – chaired by Reps. Tom Malinowski (D-NJ) and John Curtis (R-UT) and vice-chaired by Reps. Bill Keating (D-MA) and Brian Fitzpatrick (R-PA) – will be a forum to educate and mobilize Members of Congress on cross-cutting domestic and foreign policy reforms to tackle corruption.

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European Action on Multinational Tax Transparency Requirements Underscores Need for Strong U.S. Action

The Financial Accountability and Corporate Transparency (FACT) Coalition today reiterated the need for quick movement on the Disclosure of Tax Havens and Offshoring Act, proposed U.S. legislation that would require multinational corporations to disclose their taxes paid and other key information publicly on a country-by-country basis, after negotiations in Europe resulted in a political agreement yesterday for limited public reporting of corporate taxes paid.

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