News & Events | Page 29 | The FACT Coalition

Massive “Pandora Papers” Financial Secrecy Leaks Highlight Need for U.S. Reforms

October 4, 2021

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.

Advancing Corporate Tax Transparency: A Conversation with Sen. Van Hollen (MD) and Rep. Axne (IA)

FACT’s Executive Director Ian Gary to join Ali-Reza Vahabzadeh of the American Sustainable Business Council and lawmakers from Congress in discussing the Disclosure of Tax Havens and Offshoring Act.

Investors Call on Financial Accounting Standards Board to Prioritize Public Country-by-Country Tax Reporting

September 23, 2021

Yesterday, investors with over $2.9 trillion in assets under management called on the Financial Accounting Standards Board (FASB) to prioritize public country-by-country tax reporting as part of FASB’s future standard-setting agenda. Signatories represented a broad coalition of asset managers, public pension funds, labor funds, international investors, foundations and religious investors.

Congress Must Strengthen Proposed International Tax Measures in Line with Biden’s Tax Plans

September 13, 2021

FACT urges the House Ways & Means Committee to make critical revisions to its draft Committee Tax Plan (the “Plan”) to help curb tax-haven abuse, protect American jobs, and begin to meet the challenge set by the Biden Administration to end the international race to the bottom in corporate tax collections.

Video: September 9th Panel – The Global is Local

September 9, 2021

The FACT Coalition, Global Financial Integrity, Action Center on Race and the Economy, Transparency International’s U.S. Office, and the California Reinvestment Coalition co-sponsored a panel to learn from experts about the scope of real estate money laundering and what the U.S. should do to fight it, and in doing so combat global corruption and create fairer housing markets here at home.