The FACT (Financial Accountability and Corporate Transparency) Coalition today expressed its frustration and disappointment over a missed opportunity to form a United Nations Intergovernmental Tax Body as participants at the 3rd Financing for Development Conference (FfD) in Addis Ababa, Ethiopia failed to come to an agreement.
The FACT (Financial Accountability and Corporate Transparency) Coalition today released the following statement on the release by the Senate Finance Committee International Tax Bipartisan Tax Working Group Report. The statement is from Executive Director Rebecca Wilkins:
Award is Part of Training Session Held to Educate, Motivate Activists
Des Moines, IA – Capping the first day of its two-day training sessions in Iowa, the FACT (Financial Accountability and Corporate Transparency) Coalition today honored Senator Charles Grassley (R-IA) with an award marking its appreciation of his efforts in to make corporate ownership more transparent.
The FACT (Financial Accountability and Corporate Transparency) Coalition is expressing its sadness and outrage over Monsanto’s plan to acquire Switzerland-based Syngenta, as the agricultural multinational corporation would be surrendering its 114-year history in the state of Missouri and, at least on paper, move overseas.
The recent bribery scandal involving soccer’s international governing body, FIFA, has revealed involvement of U.S. banks in moving alleged bribes through the financial system, raising questions about whether the banks were properly implementing and applying anti-money laundering rules, including customer due diligence on shell companies, and verifying the source of funds coming into the accounts. The corruption allegations, which have resulted in the resignation of FIFA President Sepp Blatter, demonstrate the need for stronger regulations and enforcement, the FACT (Financial Accountability and Corporate Transparency) Coalition said today.
The FACT (Financial Accountability and Corporate Transparency) Coalition today praised the announcement from the Federal Reserve that five bankers at Credit Suisse have been barred from working in the banking industry for their part in helping U.S. citizens evade income taxes.
