A $5 Trillion Problem: The Need for Global Tax Transparency in Addition to Minimum Taxes
Senator Van Hollen joined the Financial Accountability and Corporate Transparency (FACT) Coalition for the launch of the 2021″State of Tax Justice” Report
Rep. Doggett to Discuss the Impact of OECD’s New Tax Framework for US Businesses and Workers with the FACT Coalition
and Oxfam America to discuss the impact that a global agreement on the taxation of multinational companies would have on the U.S. economy.
Transparency is the Prize in Post-Pandora Papers Scramble
The past week’s revelations through the “Pandora Papers” – the largest exposé to-date of how global politicians, business leaders, celebrities, and multinational companies use and abuse the “offshore” financial system – are both shocking and surprisingly familiar.
FACT Weighs in on Senate’s Provisional International Tax Plan Ahead of Budget Reconciliation
The FACT Coalition and Americans for Tax Fairness submitted comments to the Senate Finance Committee in response to its International Taxation Overhaul Discussion Draft.
FACT Coalition Mourns the Passing of Senator Carl Levin
he Financial Accountability and Corporate Transparency (FACT) Coalition mourned the passing of Senator Carl Levin of Michigan. Levin, who for many years held leadership positions with the Senate Permanent Subcommittee on Investigations, used his powerful position to investigate money laundering, tax avoidance and evasion, and the many ways in which corrupt actors abused the U.S. financial system for personal gain.
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.