News & Events

Tax Transparency Back in the Spotlight: Just the FACTs: June 21

Once again, the momentum is building on tax transparency this month as both the United States and the E.U. make waves on corporate disclosures. Lawmakers on this side of the Atlantic took an important step toward true transparency. A month after Rep. Cindy Axne’s Disclosure of Tax Havens and Offshoring Act (H.R. 3007) rocketed from introduction to markup in just 24 hours, the bill passed the House of Representatives as part of a broader corporate disclosure package on environmental, social, and governance (ESG) reforms.

Read More

House Takes Historic Step in Advancing Corporate Tax Transparency

The Financial Accountability and Corporate Transparency (FACT) Coalition hailed today’s passage of the Disclosure of Tax Havens and Offshoring Act in the House of Representatives. Championed by Rep. Cynthia Axne (D-IA), the legislation, included as Title V of the Corporate Governance Improvement and Investor Protection Act (H.R. 1187), requires multinational corporations registered with the Securities and Exchange Commission (SEC) to disclose their taxes paid and other key financial information publicly on a country-by-country basis.

Read More

FACT Coalition Applauds Biden Administration Move to Establish the Fight Against Corruption as a “Core U.S. National Security Interest”

The Financial Accountability and Corporate Transparency (FACT) Coalition today warmly welcomed the Biden Administration’s move establishing combatting corruption at home and abroad as a core U.S. national security interest. The National Security Study Memorandum, and President Biden’s directive to the National Security Advisor to develop a national strategy to combat corruption, represents a significant and timely elevation of the fight against corruption and financial secrecy.

Read More