Law360: Corp. Tax Transparency Rules Could Paint Muddy Picture
FACT’s Policy Director Ryan Gurule is quoted in a Law360 article discussing the emerging need for consistent PCBCR rules amid a growing diversity of reporting requirements.
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.
FACT’s Policy Director Ryan Gurule is quoted in a Law360 article discussing the emerging need for consistent PCBCR rules amid a growing diversity of reporting requirements.
FACT’s Executive Director Ian Gary is quoted in a Law360 article discussing Oxfam-led transparency proposals at Exxon Mobil, Chevron, and ConocoPhillips.
FACT’s Executive Director Ian Gary is quoted in a CNBC article discussing Oxfam-led transparency proposals at Exxon Mobil, Chevron, and ConocoPhillips.
Australia may become the first country to require a wide range of MNEs (multinational enterprises), including some headquartered in the United States, to report key tax and operating information that is fully disaggregated on a country-by-country basis,
In recent decades, public interest organizations—such as the Transparency International, Global Financial Integrity, FACT Coalition, and Tax Justice Network—have labored to shine sunlight on the tax practices of huge multinational entities that siphon significant resources that properly belong to the people.
It is vital that Australia maintain its proposed definition and implement final laws that require [public country-by-country reporting] from any [multinational corporation] with established taxable contacts in Australia,” Ryan Gurule, policy director at the FACT Coalition, said in a statement.