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.
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.

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.
FACT Policy Director Ryan Gurule is quoted by Politico on FASB’s progress towards greater tax disclosures and the remaining need for comprehensive PCBCR.
In this article, Gurule compares emerging financial transparency rules in Australia and the United States that would affect how U.S. multinationals publicly report tax and other operational information.
Microsoft investors representing more than $305 billion voted in favor of a shareholder proposal calling on the company to publicly disclose information about its offshore operations and tax practices on a country-by-country basis at Microsoft’s annual general meeting.
FACT Policy Director Ryan Gurule is quoted by Public News Time discussing the investor need for more detailed corporate tax information.
FACT Policy Director Ryan Gurule addressed the Securities and Exchange Commission’s Investor Advisory Committee today as part of a panel on emerging investor expectations regarding tax transparency.