Following last month’s historic agreement on a 15 percent global minimum tax rate at the G7 Finance Ministers meeting, a groundbreaking 130 countries came together to All eyes are on Washington to see if lawmakers will take a proactive step toward codifying U.S. international tax reform through the budget reconciliation process.
The Financial Accountability and Corporate Transparency (FACT) Coalition welcomed the White House announcement today of a “Summit for Democracy” from December 9-10 bringing together global leaders from governments, civil society, and the private sector. The summit will address three themes: addressing and fighting corruption; defending against authoritarianism; and advancing respect for human rights.
he Financial Accountability and Corporate Transparency (FACT) Coalition mourned the passing of Senator Carl Levin of Michigan. Levin, who for many years held leadership positions with the Senate Permanent Subcommittee on Investigations, used his powerful position to investigate money laundering, tax avoidance and evasion, and the many ways in which corrupt actors abused the U.S. financial system for personal gain.
Following last month’s historic agreement on a 15 percent global minimum tax rate at the G7 Finance Ministers meeting, a groundbreaking 130 countries came together to support the Organization for Economic Cooperation and Development (OECD)’s Inclusive Framework, in another sign of accelerating progress on global taxation reform.
FACT Coalition Welcomes Ryan Gurule as FACT’s New Policy Director
Once again, the momentum is building on tax transparency this month as both the United States and the E.U. make waves on corporate disclosures. Lawmakers on this side of the Atlantic took an important step toward true transparency. A month after Rep. Cindy Axne’s Disclosure of Tax Havens and Offshoring Act (H.R. 3007) rocketed from introduction to markup in just 24 hours, the bill passed the House of Representatives as part of a broader corporate disclosure package on environmental, social, and governance (ESG) reforms.
