Thomas Georges | Page 31 | The FACT Coalition

Polaris Fact Sheet: Business Transparency to Combat Human Trafficking

August 9, 2018

In cities throughout the United States, human trafficking rings operate illicit massage businesses, where women are forced to engage in commercial sex. Criminals engaged in human trafficking and money laundering are able to take advantage of the lack of transparency surrounding beneficial ownership of business entities to evade criminal prosecution. Congress must take action to ensure that law enforcement officials can identify the individual traffickers that control or benefit from illicit massage businesses and hold them accountable.

Letter from Attorneys General to the House Financial Services Committee to Improve Corporate Transparency

August 2, 2018

Dear Chairman Hensarling and Ranking Member Waters:
Thank you for your diligent work crafting legislation to improve corporate transparency by requiring companies to disclose the identities of individuals who control and profit from the company at the time of its incorporation. We write to express our support for this change, which would prevent these individuals from using anonymous shell companies to evade accountability,
and to convey the importance of making this information available to state and local enforcement.

U.S. Should Not Favor Foreign over U.S. Profits: Tax Multinationals the Same as Wholly Domestic Companies

July 31, 2018

The new tax law, the Tax Cuts and Jobs Act (TCJA), changed the tax system from one in which U.S. corporations paid taxes equally on all their profits to one in which they pay lower taxes on profits booked outside the United States. By lowering the tax rate on foreign profits, the tax code now encourages U.S. corporations to move U.S. jobs and profits offshore.

Letter from the National Fraternal Order of the Police to the Senate Committee on Banking, Housing, and Urban Affairs Supporting Corporate Transparency

July 20, 2018

Letter from the National Fraternal Order of the Police to the Senate Committee on Banking, Housing, and Urban Affairs Supporting Corporate Transparency

Oregon Business Report: Taxing corporate profits on per-country basis

July 4, 2018

Rep. Peter DeFazio introduced legislation to discourage multinational corporations from moving abroad by taxing corporate profits on a per-country basis

Letter From International NGOs to Congress on Draft of a Counter Terrorism and Illicit Finance Bill

June 4, 2018

International NGOs sent a letter to the House Financial Services Committee on the Discussion Draft of the Counter Terrorism and Illicit Finance Act. The full letter can be downloaded here.