As Congress prepares to return to Washington for a post-election “lame duck” session, the FACT Coalition (Financial Accountability and Corporate Transparency) urges it to do the right thing and pass legislation to halt inversions as well as let the most egregious offshore tax extenders remain expired.
The FACT (Financial Accountability and Corporate Transparency) Coalition is today commending AbbVie Inc. on its announcement that the pharmaceutical maker has decided not to purchase the Ireland-based company, Shire Plc., and its decision to remain in the United States.
The FACT (Financial Accountability and Corporate Transparency) Coalition submitted comments to the U.S. Treasury Department on Friday welcoming the government’s proposed rule to require U.S. banks to know the true owner of all accounts opened in their institutions as a step toward pushing dirty money out of the American financial system, while cautioning that several elements of the proposal need to be strengthened.
With scams, frauds, and cons as prevalent as ever, a new report authored by Global Witness, with support from the FACT (Financial Accountability and Corporate Transparency) Coalition and others, thrusts anonymous American companies into the spotlight and demonstrates how crooks and the corrupt use them to rip people off.
The FACT Coalition today issued the following responses on the new actions announced by the Treasury Department to limit corporate inversions.
The FACT (Financial Accountability and Corporate Transparency) Coalition applauds the introduction of legislation that would be a helpful step towards tax fairness if enacted along with the Stop Corporate Inversions Act, which was introduced in the House and Senate in May.
