A $5 Trillion Problem: The Need for Global Tax Transparency in Addition to Minimum Taxes
Senator Van Hollen joined the Financial Accountability and Corporate Transparency (FACT) Coalition for the launch of the 2021″State of Tax Justice” Report
November 17th Panel – American Kleptocracy
Casey Michel’s new book, “American Kleptocracy” (released Nov. 23), is an investigative look into how the U.S. built “the largest illicit offshore finance system the world has ever known” and how this system has “infected American politics, threatened US national security and gouged local communities.”
International Community Strikes Historic Tax Deal: Just the FACTs: November 1
The tax justice movement is gaining steam as the international community strikes a historical tax deal, a key first step towards equitable global taxation reform.
Rep. Doggett to Discuss the Impact of OECD’s New Tax Framework for US Businesses and Workers with the FACT Coalition
and Oxfam America to discuss the impact that a global agreement on the taxation of multinational companies would have on the U.S. economy.
Global Tax Deal Advances, but Questions Persist
A two-pillar framework agreed to by the OECD for taxing large multinational corporations represents a paradigm shift in the way that these companies are taxed—allocating the right to tax certain excess profits of very large companies to “market” jurisdictions and creating a global minimum corporate tax— but concerns about the long-term political viability of the proposal merit consideration.
Massive “Pandora Papers” Financial Secrecy Leaks Highlight Need for U.S. Reforms
The International Consortium of Investigative Journalists, along with major news outlets such as the Washington Post, yesterday revealed the largest leak of private financial records to date, eclipsing the Panama Papers in scope and scale. The “Pandora Papers” confirm the use of a secretive “offshore” financial system that allows criminals, world leaders, and others to hide billions of dollars from authorities, fueling tax dodging and corruption.