News & Events

Faith Leaders Against Anonymous Shell Companies

As faith leaders in Utah, we are concerned with a gaping hole in state and federal law that is having dire consequences throughout the state, country and the world. We feel it is time as citizens to call on our representatives to correct this oversight and give law enforcement the tools they need to protect us and our financial system. It is time to end the legal twilight zone where anonymous shell companies are used to protect criminals.

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Tax Bill Threatens U.S. Jobs

Fuels Tax Haven Industry and Increases Incentives to Move Operations Offshore
WASHINGTON, D.C – Today, Congress passed the Tax Cuts and Jobs Act (H.R.1), and the President has indicated he will soon sign it into law. Among its many provisions, the bill changes the way in which corporations are taxed.

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Committee Advances Bill to Target Financing of Human Trafficking

House Financial Services Committee Votes Unanimously in Favor of the End Banking for Human Traffickers Act of 2017 (H.R.2219)
WASHINGTON, D.C. – The U.S. House Financial Services Committee on Wednesday voted unanimously to advance legislation targeting the financing of human trafficking, in a move welcomed by the Financial Accountability and Corporate Transparency (FACT) Coalition.

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Senate Votes to Increase Tax Avoidance, Offshore U.S. Jobs

Bipartisan Voices Agree that Senate Bill Will Increase Shifting of Production Overseas and Profits to Tax Havens
WASHINGTON, D.C. – The U.S. Senate on Saturday passed its own version of the “Tax Cuts and Jobs Act” — legislation that will reward offshore tax haven abuse and increase the incentive to outsource American jobs abroad, according to the Financial Accountability and Corporate Transparency (FACT) Coalition.

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