A $5 Trillion Problem: The Need for Global Tax Transparency in Addition to Minimum Taxes
Senator Van Hollen joined the Financial Accountability and Corporate Transparency (FACT) Coalition for the launch of the 2021″State of Tax Justice” Report
To Fund Climate Investments and Enforce Environmental Protections, the Era of Tax Secrecy Must End
Tax and climate activists have a rare opportunity to join forces on public country-by-country reporting, a key tool to ending the global race to the bottom and unveiling unsustainable business practices.
Advancing Corporate Tax Transparency: A Conversation with Sen. Van Hollen (MD) and Rep. Axne (IA)
FACT’s Executive Director Ian Gary to join Ali-Reza Vahabzadeh of the American Sustainable Business Council and lawmakers from Congress in discussing the Disclosure of Tax Havens and Offshoring Act.
Investors Call on Financial Accounting Standards Board to Prioritize Public Country-by-Country Tax Reporting
Yesterday, investors with over $2.9 trillion in assets under management called on the Financial Accounting Standards Board (FASB) to prioritize public country-by-country tax reporting as part of FASB’s future standard-setting agenda. Signatories represented a broad coalition of asset managers, public pension funds, labor funds, international investors, foundations and religious investors.
63 Investors with $2.9 trillion in Assets Under Management Send Letter to FASB in Support of Tax Transparency
63 Investors with $2.9 trillion in Assets Under Management Send Letter to FASB in Support of Tax Transparency
FACT Provides Comments to Financial Accounting Standards Board Urging Country-by-Country Tax Reporting
FACT recently sent comments to the Financial Accounting Standards Board (FASB) urging them to adopt country-by-country tax reporting as part of its public consultation on the Board’s priorities. FASB sets and oversees the Generally Accepted Accounting Principles, the standard followed by most U.S. corporations in their financial reporting, and so could bring about widespread adoption of public country-by-country reporting as a way to ensure investors are fully able to assess reputational and regulatory risks in their portfolios.