In this article, Gurule
compares emerging
financial transparency
rules in Australia and
the United States that
would affect how U.S.
multinationals publicly
report tax and other
operating information.
Microsoft investors representing more than $305 billion voted in favor of a shareholder proposal calling on the company to publicly disclose information about its offshore operations and tax practices on a country-by-country basis at Microsoft’s annual general meeting.
The FACT Coalition welcomes today’s release by the Department of the Treasury of the second draft rule – this time, defining directory access protocols – necessary to implement the landmark Corporate Transparency Act.
Following an EU political agreement to implement a 15 percent global minimum corporate tax, the FACT Coalition calls on Congress to move swiftly to adopt international tax reforms in line with the OECD’s Pillar 2.
FACT Policy Director Ryan Gurule addressed the Securities and Exchange Commission’s Investor Advisory Committee today as part of a panel on emerging investor expectations regarding tax transparency.
The time is now for the U.S. Securities and Exchange Commission (SEC) to use its authority under current law to require large multinational enterprises (MNEs) to publicly report basic financial information on a country-by-country basis.
