Press

FACT Coalition Urges Congress to Reject Permanent Extension of “Egregious” Tax Loopholes

House Ways and Means Committee Set to Consider Enshrining “CFC Look-Through Rule” and “Active Financing Exemption” Thursday

Unpaid-for Corporate Giveaways to Cost American Taxpayers $100 Billion

WASHINGTON, DC – The Financial Accountability and Corporate Transparency (FACT) Coalition called on Members of Congress today to strongly reject pending legislation that would cost American taxpayers $100 billion over the next decade by enshrining egregious tax loopholes which reward multinational companies for artificially shifting profits overseas.

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A Tax Avoidance Christmas Wish List for Multinationals

The FACT (Financial Accountability and Corporate Transparency) Coalition today released the following statement on the release by the Senate Finance Committee International Tax Bipartisan Tax Working Group Report. The statement is from Executive Director Rebecca Wilkins:

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Grassley, Iowa Could Stop Hidden Ownership

By Rebecca Wilkins

We need a system of increased accountability with a public registry of the people who really control companies. It’s time to shut down the ability to hide the owners and bring them out of the shadows for everyone to see.

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FACT Honors Senator Grassley for Work on Corporate Transparency

Award is Part of Training Session Held to Educate, Motivate Activists

Des Moines, IA – Capping the first day of its two-day training sessions in Iowa, the FACT (Financial Accountability and Corporate Transparency) Coalition today honored Senator Charles Grassley (R-IA) with an award marking its appreciation of his efforts in to make corporate ownership more transparent.

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FIFA Bribery Scandal Raises Questions about Anti-Money Laundering Checks in U.S. Banks

The recent bribery scandal involving soccer’s international governing body, FIFA, has revealed involvement of U.S. banks in moving alleged bribes through the financial system, raising questions about whether the banks were properly implementing and applying anti-money laundering rules, including customer due diligence on shell companies, and verifying the source of funds coming into the accounts. The corruption allegations, which have resulted in the resignation of FIFA President Sepp Blatter, demonstrate the need for stronger regulations and enforcement, the FACT (Financial Accountability and Corporate Transparency) Coalition said today.

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