We Can’t Address the U.S. Deficit Without Corporate Tax Reform
In a new blog, FACT’s Thomas Georges and Evan Dymond argue that lawmakers must pursue revenue-raising corporate tax reforms if they are serious about tackling the nation’s fiscal crisis.
FACT Releases Analysis of New Tax Disclosures, Treasury Risk Assessment Downplays Domestic Shells – Just the FACTs 3/19/26
In this month’s edition of Just the FACTs, FACT releases analysis of new tax disclosures, and Treasury’s new money laundering risk assessment reaffirms many known threats, but downplays domestic shell companies.
The US is Colombia’s top gold customer — and cartels know it
FACT program director for environmental crime Julia Yansura was featured extensively in a new documentary by Business Insider covering the U.S.’ status as the largest importer of Colombian gold. Illicit gold has emerged in recent years as a top source of income for transnational drug cartels, armed groups, and other criminal actors in Colombia and throughout the Western Hemisphere.
“If we want to help shut down this problem, we need to do more from the U.S. side,” Yansura said, adding that “the financial sector is massively exposed to [illicit gold] risks, yet they’ve received very little guidance from U.S. regulators about how they should be managing them.”
Fossil fuel giant wins $370 million tax break for burning gas as an ‘alternative fuel’
FACT policy director Zorka Milin was quoted by the Washington Post in their coverage of a “questionable” $370 million tax break given to Cheniere, one of the world’s largest exporters of natural gas.
The IRS granted Cheniere a tax credit for so-called “bunker” fuel used to power its enormous shipping fleet from 2018 to 2024. The credit statutorily only applies to natural gas-fueled “motorboats,” generally defined as shorter than 65 feet. “I am not sure how they could reach this conclusion,” Milin said of the IRS decision.
Real Estate Rule Upheld, Treasury Weakens Corporate Minimum Tax – Just the FACTs 2/26/26
In this week’s edition of Just the FACTs, a U.S. District Court upholds landmark new anti-money laundering regulations for the residential real estate market, FACT hosts a virtual book talk with author Oliver Bullough, and Treasury moves to undermine the Corporate Alternative Minimum Tax.
Feds’ White Collar Crime Enforcement ‘Retreat’ Raises Alarms
FACT’s deputy director Erica Hanichak was quoted by Law360 in their coverage of the decline in white-collar crime enforcement, linking it to the ongoing mutual evaluation of the United States by the Financial Action Task Force (FATF).
From the article: The enforcement focus and resource shift also come as the U.S. faces the “biggest evaluation of the strength of its anti-money laundering standards” in a decade, noted Erica Hanichak, deputy director at FACT….“We’ll see what FATF decides. But I think for an appropriate assessment, FATF should express concern about the state of enforcement in the U.S.”