Top Treasury officials outline recent and upcoming anti-money laundering initiatives before Congress, and FACT submits comments advising swift passage and implementation of new Australian tax transparency draft legislation.
FACT’s comments on the Australian Treasury’s groundbreaking draft public country-by-country reporting legislation are cited in coverage by Law360’s Kevin Pinner.
In comments submitted on April 28, FACT applauded the Australian government’s draft legislation to mandate public country-by-country reporting of tax data from large multinationals, and offered recommendations for effective implementation of the new tax transparency regime.
Australia introduces public country-by-country reporting legislation with global reach, and FACT, Transparency International U.S., and Main Street Alliance submit their defense of the Corporate Transparency Act in court.
FACT Government Affairs Director Erica Hanichak is quoted in ICIJ coverage of the Treasury’s implementation of the Corporate Transparency Act, including commitments to verify beneficial ownership information collected under the law made during the Second Summit for Democracy.
FACT Executive Director Ian Gary is cited in the Financial Times’ coverage of increasing investor demand for greater tax transparency for large multinational corporations.
