News Releases

FACT Calls for Strengthening of Treasury’s Anti-Money Laundering Proposal to Curb Abuse of Anonymous Companies

The FACT (Financial Accountability and Corporate Transparency) Coalition submitted comments to the U.S. Treasury Department on Friday welcoming the government’s proposed rule to require U.S. banks to know the true owner of all accounts opened in their institutions as a step toward pushing dirty money out of the American financial system, while cautioning that several elements of the proposal need to be strengthened.

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Stopping Unpatriotic Corporate Inversions: A Vital First Step in Corporate Tax Reform

With U.S. corporations fleeing, or planning to flee, the country to avoid taxes, and the Senate Finance Committee scheduled to hold hearings on the U.S. tax code with an emphasis on corporate inversions, the FACT (Financial Accountability and Corporate Transparency) Coalition supports efforts to ensure that U.S. multinational corporations remain in the country and pay their fair share of taxes.

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Tax Loopholes Lure American Companies to Renounce American Citizenship Reminder on Nation’s Birthday of a Wave of Inversions

As the nation pauses to mark its birthday with celebrations and fireworks displaying pride in country and patriotism, the FACT (Financial Accountability and Corporate Transparency) Coalition is marking the day by expressing its view on tax loopholes that are encouraging quintessentially American companies to renounce their citizenship when it comes to paying taxes.

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