Part One: FACT’s 2023 Springboard for International Tax and Tax Transparency Reforms
2023 promises to be a very busy year for FACT as we continue to push for international tax reform to fight tax dodging by large multinationals.
One Year Out from the First Summit for Democracy, It’s Time to Put the Pedal to the Metal on Anti-Money Laundering Reforms
The Administration must accelerate its efforts on AML by fully implementing U.S. anonymous entity beneficial ownership transparency rules and advancing long-overdue regulatory overhauls on U.S. real estate and private investment fund markets within the coming year.
Biden Administration Must Advance Anti-Corruption Progress to Tackle the Climate Crisis
Ahead of COP27, the U.S. can certainly point proudly to its historic investments of hundreds of billions of dollars into clean energy. An additional way for the Biden administration to bolster its climate policy is by finishing the job on a slew of anti-corruption reforms.
Two US companies commit to tax transparency. When will others make the move?
US companies have resisted the public country-by-country reporting of key financial information that is necessary for adequate tax transparency. Hess and Newmont’s announcements show that US companies are finally catching up with their international peers.
Human Rights Violations and Illicit Finance – The Inexorable Tie
Let’s talk statistics. On an average year, anywhere between 300 billion to 2 trillion U.S. dollars are laundered globally. To put it into perspective, this sum rivals the economic output of Brazil, the world’s eighth largest economy. As numbers grow, the United States’ position on money laundering and financial transparency policies continues to falter, further …
The U.S. Has an “Enabler” Problem- It’s Time for Congress to Turn Off the Spigot of Dirty Money
The Sentry’s report points to major ways the international community must act to deny kleptocrats the “brain trust” on which they rely to perpetrate their crimes. It’s up to the U.S. to be a leader, not a laggard, in implementing a robust anti-money laundering regime.