Enabling Criminal Activity in the U.S. and Around the World
America is one of the easiest places in the world in which to form an anonymous shell company—this facilitates crimes that victimize ordinary Americans.
Public Disclosure of Country-by-Country Tax Information Would Better Inform Investors
The Financial Accountability and Corporate Transparency (FACT) Coalition submitted comments to the U.S. Securities and Exchange Commission on Wednesday, July 6, 2016 urging that—to better inform investors—the SEC should revise its international tax disclosure framework to specifically require multinational corporations to disclose information on taxes and profits on an annual, country-by-country basis.
This FACT sheet outlines the devastating impact of financial secrecy on Africa, Latin America, and communities of color in the United States.
Following Panama Papers: Faith, Small Business, Law Enforcement, and Local Leaders Descend on Washington for Bi-Partisan Tax and Transparency Solutions
April 11–13, 2016
More than 70 faith leaders, small business owners, local leaders, and public interest advocates from 25 states will be on Capitol Hill this week to urge lawmakers to support tax and transparency legislation that benefits small businesses, taxpayers, and vulnerable communities.
The FACT Coalition along with 10 other organizations filed a comment on April 4, 2016 with the Department of the Treasury to finalize the proposed rule issued by the Financial Crimes Enforcement Network (FinCEN) to impose anti-money laundering and suspicious activity reporting requirements on registered investment advisers. The full letter can be read below or downloaded here.
The FACT Coalition and 36 other partner organizations sent a joint letter to members of the U.S. House of Representatives in support of the bipartisan Incorporation Transparency and Law Enforcement Assistance Act (H.R.4450).
