News Releases

Coalition Pushes Treasury to Defend Anti-Inversions Safeguard

Alliance of Good-Governance Groups Submits Comments in Support of Rules Combating Earnings-Stripping

WASHINGTON, D.C. — In comments submitted to the U.S. Department of the Treasury on Monday, good government watchdogs called on the administration to protect a recent safeguard aimed at combating offshore tax avoidance.

Read More...

Bipartisan Momentum Builds as Senators Introduce Measure to Curb Money Laundering, Terror Financing

Sen. Wyden and Sen. Rubio’s “Corporate Transparency Act” — Companion to Rep. Maloney and Rep. King’s H.R.3089 — Would End Incorporation of Anonymous Companies

WASHINGTON, D.C. — Momentum continued to build towards curbing criminal money laundering and terror finance Thursday as Sens. Ron Wyden (D-OR) and Marco Rubio (R-FL) introduced the Corporate Transparency Act (S.1717), the Senate companion to a bipartisan House bill (H.R.3089) aimed at ending the abuse of anonymous shell companies.

Read More...

Bipartisan Bill Seeks to Secure Airways from Criminals and Terrorists

FACT Coalition Supports ‘Aircraft Ownership Transparency Act of 2017’

WASHINGTON, D.C. — A bipartisan group of lawmakers introduced a bill Friday to secure the U.S. aviation system from criminal actors and terrorists hiding behind anonymous shell companies, in a move welcomed by the Financial Accountability and Corporate Transparency Coalition.

Read More...

Bipartisan Bills Target Criminal Money Laundering, Terror Financing

Transparency Measures Have Broad Support from Financial Institutions, Law Enforcement, and Anti-Corruption Advocates

WASHINGTON, D.C. – Bipartisan pieces of legislation introduced on June 28, 2017 aim to crack down on one of the prime enablers of criminal money laundering and terrorist financing — the abuse of anonymous shell companies.

Read More...

Tax Plan Would Accelerate Offshore Tax Dodging

Statement by FACT Coalition on White House’s Tax Reform Outline

The Administration released an outline today of its plan to reform the corporate tax code.  The signature reform is a reduction of the corporate tax rate from 35% to 15%.

Read More...

On Tax Day, Tax Haven Lobby Advocating for Tax Cheats

Congress Should Reject Tax Haven Lobby’s Push to Repeal FATCA Transparency Measure

WASHINGTON, D.C. – As millions of Americans head to the post office today — this year’s deadline for filing individual tax returns — there is a stepped-up effort to make it easier for some to illegally evade paying their taxes.

Read More...

New Bill Ends Offshoring — Offering Sensible Tax Reform Template

The Tax Fairness and Transparency Act Puts Domestic Businesses and Middle-Class Taxpayers First

WASHINGTON, D.C. – New legislation introduced Thursday by Rep. Mark Pocan (D-WI) takes aim at the biggest offshore tax avoidance loopholes, offering a sensible template for tax reform, according to the Financial Accountability and Corporate Transparency Coalition (FACT Coalition).

Read More...