36 NGOs sent a joint letter to the OECD regarding its ongoing consultation on tax standards in support of the Global Reporting Initiative Tax Standards.
Investors representing over $847 billion in assets under management sent a joint letter to the OECD regarding its ongoing consultation on tax standards in support of CbCR protocols.
33 members of Congress sent a letter to the OECD supporting implementation of Country-by-Country Reporting rules in the OECD tax transparency guidelines. The full letter can be read below or downloaded here. ____________________ Download Letter as PDF March 6, 2020 Mr. Angel GurríaSecretary-General, OECD2, rue Andre Pascal75016 ParisFrance RE: Public Consultation: Review of Country-by-Country Reporting (BEPS …
Several small business groups sent a joint letter to the OECD regarding its ongoing consultation on tax standards in support of increased global tax transparency.
As August recess wraps up, the prospect for action on beneficial ownership is becoming more likely. In June the Corporate Transparency Act (H.R. 2513) passed out of the House Financial Services Committee by a bipartisan vote of 43-16. It’s sister bill (S.1978) was introduced in the Senate. Two beneficial ownership transparency bills, the TITLE Act (S.1889) and a discussion draft of the ILLICIT CASH Act, have been the subject of hearings. FACT’s Executive Director Gary Kalman testified before the Senate Banking Committee in June to address, among other issues, the impact of legislation on small business. He noted that “more than three quarters of small business owners felt the tradeoff — reporting burden vs. the prevention of unfair competition from anonymous shell companies — was worth it.”
The Corporate Transparency Act (H.R. 2513), a bill to end the abuses of anonymous companies, went before the House Financial Services Committee for markup on June 11th. FACT voiced its support for the bill in a letter to the House Financial Services Subcommittee on National Security earlier this year. Over 100 other organizations signed a letter in support of the bill, more than double the number that sent a similar letter last year. In addition to the broad support collected of a decade, new letters came from the National Sheriffs’ Association (NSA), the Anti-Insurance Fraud Coalition, the American Land Title Association, over 60 national security experts and others.