Letter to the Editor: Be Transparent About Shells
Read FACT deputy director Erica Hanichak’s letter to the editor for the Wall Street Journal on the importance of addressing the abuse of shell companies when enforcing tariffs.
Provision in US Mega Tax Bill Could Boost Illicit Finance
FACT program director for environmental crimes and illicit finance Julia Yansura was quoted by the Organized Crime and Corruption Reporting Project in their coverage of the remittance tax provision included in the 2025 budget megabill.
“While Congress’ remittance tax raises relatively little money for the United States, these paltry funds will come with a huge illicit finance risk, driving financial flows underground.”
Justice Department Budget Would Eliminate Tax Division
FACT policy director Zorka Milin was quoted by TaxNotes in their coverage of a new Department of Justice budget memo that would eliminate its’ tax division.
“Cutting prosecutions of tax cheats is one of the most short-sighted and least efficient moves any government can make.”
$75 billion firm wins carve-out in tax bill after lobbying push
FACT policy director Zorka Milin was quoted by the Washington Post in their coverage of a provision included in the House’s version of the budget megabill that was lobbied for and benefits one particular firm.
“The purpose of the 2017 tax law… was to deter the use of these kinds of tax havens. This would undermine that very purpose.”
How to Hide a 350-foot Megayacht
FACT’s executive director, Ian Gary, was quoted by the New York Times Magazine on the dismantling of the US’ anti-money laundering regime.
“The pace of change and unraveling of a lot of the protections and safeguards related to dirty money coming into the United States has been pretty dizzying”.
South America’s Illicit Gold Mining Is a Global Problem
FACT’s May event, Illegal Gold Mining and Dirty Money: Breaking the Vicious Cycle of Environmental Crime in the Americas, was covered by Yahoo! News.