Press Coverage

FACT deputy director Erica Hanichak was quoted by ICIJ’s Spencer Woodman in his coverage of recent cuts to the IRS’ anti-money laundering unit, and the dire implications for enforcement of AML laws against cryptocurrency exchanges and other money service businesses.

“The reduction in supervisory staff at the IRS matches a trend we’ve seen across [anti-money laundering] enforcement agencies,” said Hanichak. “This sends the signal that the U.S. is open to dirty money. It undermines our national security and market integrity.”

FACT program director for environmental crimes Julia Yansura was quoted by ACAMS in their coverage of the recent trend of illegal miners in Colombia and Brazil routing gold through Venezuela.

“We used to be concerned with Venezuelan gold getting smuggled across borders and exported as Colombian or Brazilian gold. Now, within the last six to 12 months, we are seeing a reversal, with dirty gold from neighboring countries being exported out of Venezuela.”

Read FACT executive director Ian Gary’s latest op-ed in the Hill on how the U.S. tax code subsidizes overseas fossil fuel production. Citing FACT’s latest report, America-Last and Planet-Last: How U.S. Tax Policy Subsidizes Oil and Gas Extraction Abroad, Gary highlighted the fact that U.S. oil and gas multinationals collectively pay billions more in taxes to foreign governments than to the U.S. Treasury, despite collectively producing more oil and gas domestically than abroad.

FACT policy director Zorka Milin and FACT policy officer Thomas Georges were quoted extensively by Forbes after the OECD released new guidance exempting U.S. multinationals from certain Pillar Two taxes.

“This deal risks nearly a decade of global progress on corporate taxation only to allow the largest, most profitable American companies to keep parking profits in tax havens,” said Milin.

FACT policy director Zorka Milin was quoted by Newsweek in their coverage of the OECD side-by-side deal that exempts U.S. multinational corporations from the Pillar Two minimum tax.

“In brief, the U.S. got its way by tricking and bullying other countries through threatening retaliatory taxes, which never stood a chance in Congress anyway.”

FACT policy director Zorka Milin was quoted by the Associated Press in their coverage of the OECD Pillar Two side-by-side deal.

“This deal risks nearly a decade of global progress on corporate taxation only to allow the largest, most profitable American companies to keep parking profits in tax havens,” said Milin.