Multinational companies do not publicly report on where they are making their money or what taxes they are paying to whom. Investors, policymakers, and citizens have no idea exactly how they are gaming the system—what they tell us versus what they tell other countries. They should have to write it down in one place and report it on a country-by-country basis, so that the public, policymakers, and shareholders can see what they are really paying.
No one wants to talk about tax or, more importantly, take the actions required to tackle the elephant in the room. Tax avoidance is one of the biggest drivers of inequality across the globe. No one can begin to truly tackle this issue without talking about tax.
33 members of Congress sent a letter to the OECD supporting implementation of Country-by-Country Reporting rules in the OECD tax transparency guidelines.
Washington, D.C. — House lawmakers unveiled legislation on Thursday that would require multinational corporations to publicly disclose key tax and financial information on a country-by-country basis.
Wednesday, February 19, 2020
Join Tax Justice Network and the FACT Coalition for a discussion of the 2020 Financial Secrecy Index, the ranking of the U.S., and the status of relevant U.S. legislation.
WASHINGTON, D.C. — The U.S. is the second largest provider of financial secrecy in the world, trailing only the Cayman Islands, according to a new index published today by the Tax Justice Network.
Rep. Cynthia Axne (D-IA)Washington, DC Representative Cynthia Axne (D-IA) confronts Russell Golden the Chairman of the Financial Accounting Standards Board on why their most recent proposal did not include tax disclosures in spite of global trend toward requiring these disclosures and the fact that 100% of investors who commented on the FASB proposal, representing 2$ trillion …
