Press Coverage

11th Circuit Upholds Corporate Transparency Act

FACT policy director Zorka Milin was quoted by Thomson Reuters in their coverage of the 11th Circuit Court’s decision upholding the CTA.

This decision “doesn’t directly change the Treasury’s rule implementing the CTA… but it does resoundingly validate the CTA as originally enacted by Congress,” said Milin. The Treasury should “take into account Congressional intent and reverse its unlawful and unconstitutional IFR from March.”

Read More

The Pentagon’s push to court private equity poses profound national security risks

In his latest op-ed, FACT executive director Ian Gary argues that the Pentagon’s interest in recruiting private equity firms as investment partners raises serious national security concerns, given the absence of effective anti-money laundering safeguards for the sector.

From the op-ed: “The Treasury Department should not stall safeguards that would make it harder for our adversaries to evade sanctions and spy on our nation’s defense technology. Delaying these rules will put Americans and our national security at risk.”

Read More

Big Business Doesn’t Deserve a Pass on the Corporate Minimum Tax

Bloomberg Tax published an op-ed from FACT’s Zorka Milin warning against the administration’s recent efforts to exempt large companies from the corporate alternative minimum tax.

From the op-ed: “The corporate alternative minimum tax, or CAMT, is at risk of stealth repeal as business interests lobby for “relief” from the Treasury Department—unlegislated, unaccounted for, and likely unconstitutional tax cuts. Treasury shouldn’t take the bait.”

Read More

Op-Ed: Tax transparency can fuel the fight against climate change

Read FACT executive director Ian Gary’s new op-ed for Devex on the need for tax transparency in the fight against climate change.

“Deficit-laden global north donors are unlikely to change course in the short term. Thus, global south countries need new strategies to mobilize resources at home to close the climate finance gap. Yet to do so effectively, they need a fairer international corporate taxation system to bolster their own resources to battle climate change.”

Read More