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Tax Transparency

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.

Trending Toward Transparency: Corporate Tax Disclosures in a Global Economy

November 1, 2019
Congress, FASB, GRI, UN PRI, the OECD, the EU, and others are all considering new disclosures around corporate tax planning. With increased scrutiny from governments on corporate tax strategies, what does it all mean for companies and their investors? A diverse group of institutional investors and other asset managers and analysts have all recently weighed in on the risks to investors and the need for additional disclosures. With opening remarks by SEC Commissioner Rob Jackson, a panel of experts will explain what new rules may be coming and the potential value to investors.

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FACT Submitted Comments for the Record to the House Subcommittee on Investor Protection

The FACT Coalition filed comments for the record to the House Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. The subcommittee held the hearing “Building a Sustainable and Competitive Economy: An Examination of Proposals to Improve Environmental, Social and Governance Disclosures,” on July 10th, 2019. The full letter can be read below or downloaded here.

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Video: Webinar on the Harms of Inadequate Disclosures of Corporate Tax Practices

On May 7th and 8th, 2019, AFSCME, the Emerging Markets Investors Alliance, the FACT Coalition, Oxfam, and the Transparency & Accountability Initiative hosted a webinar on the harms of inadequate disclosures of corporate tax practices. Moderated by Gary Kalman, Executive Director of FACT Coalition, the webinar featured an expert panel that included, Ty Gellasch, founder of Myrtle Makena and former Senior Counsel to the Senate Permanent Sub-Committee on Investigations, Nicholas Lusiani, Senior Advisor at Oxfam America, Robert M. Wilson, Jr., investment officer and research analyst at MFS Investment Management, and Richard Phillips, former senior policy analyst at the Institute on Taxation and Economic Policy.

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