Congress Introduces Corporate Tax Transparency Legislation to Support Informed Investor Decisions
The FACT Coalition today welcomed the introduction of the Disclosure of Tax Havens and Offshoring Act in the House and Senate.
The FACT Coalition today welcomed the introduction of the Disclosure of Tax Havens and Offshoring Act in the House and Senate.
The FACT Coalition offered a blueprint to the Biden Administration on how the Treasury Department should draft the rule for a landmark anti-corruption and anti-money laundering law, the Corporate Transparency Act, enacted by Congress in January.
US multinational corporations currently pay little to no US tax on their foreign profits, which incentivizes these companies to shift profits and real operations to tax havens.
The FACT Coalition welcomed the inclusion of increased funding for the Financial Crimes Enforcement Network (FinCEN) in President Biden’s topline FY22 budget request released today.
House, Senate introduce legislation to end corporate incentives to shift profits and jobs offshore
U.S. Senators Ben Cardin (D-MD) and Roger Wicker (R-MS) introduced legislation Thursday that would establish a global anti-corruption action fund at the State Department, dedicated to shoring up the rule of law abroad and combating global corruption.