News & Events | Page 26 | The FACT Coalition

European Action on Multinational Tax Transparency Requirements Underscores Need for Strong U.S. Action

June 2, 2021

The Financial Accountability and Corporate Transparency (FACT) Coalition today reiterated the need for quick movement on the Disclosure of Tax Havens and Offshoring Act, proposed U.S. legislation that would require multinational corporations to disclose their taxes paid and other key information publicly on a country-by-country basis, after negotiations in Europe resulted in a political agreement yesterday for limited public reporting of corporate taxes paid.

Corporate Tax Disclosure Bill Charges Forward: Just the Facts: May 19

May 19, 2021

After months of anticipation, Rep. Cynthia Axne (D-IA) and Sen. Chris Van Hollen (D-MD) unveiled the Disclosure of Tax Havens and Offshoring Act last week to a chorus of civil society, small business, and investor support.

Congress Introduces Corporate Tax Transparency Legislation to Support Informed Investor Decisions

May 11, 2021

The FACT Coalition today welcomed the introduction of the Disclosure of Tax Havens and Offshoring Act in the House and Senate.

FACT Coalition Offers Blueprint to Biden Administration to Implement Landmark Anti-Money Laundering Reform

May 5, 2021

The FACT Coalition offered a blueprint to the Biden Administration on how the Treasury Department should draft the rule for a landmark anti-corruption and anti-money laundering law, the Corporate Transparency Act, enacted by Congress in January.

Fair Tax Systems Are Vital for Strong Climate Action

April 29, 2021

Fast on the heels of the Leaders’ Summit on Climate hosted by the United States last week, the Biden administration will start working in earnest to advance its American Jobs Plan in Congress. Infrastructure investments aimed at combating climate change are at the center of the plan designed to spur emissions-reducing actions, generate economic growth and create jobs.

A Biden Boom in the Fight to Close Tax Loopholes: Just the Facts: April 21

April 21, 2021

Over the past month, there has been an unprecedented global focus on corporate tax loopholes and profit shifting amidst reporting that at least 55 of America’s largest corporations paid no federal corporate income taxes at all in 2020. Since the dawn of civil society campaigning for international tax justice, this may be the closest activists have come to ending the era of tax havens and massive tax avoidance and it is increasingly clear to many lawmakers that corporations need to pay their fair share to help pay for COVID recovery programs, infrastructure, and other needs.