Loopholes in New Treasury Rule Perpetuate Problem of Anonymous U.S. Shell Companies—Enabling Terror Finance, Crime, and Corruption
WASHINGTON, DC – Leading anti-corruption, anti-money laundering, and tax policy experts expressed deep concerns about a set of rules and proposals announced by the Obama Administration last night in the wake of the so-called “Panama Papers” revelations.
Former Reps. Claudine Schneider (R-RI) and Mary Jo Kilroy (D-OH) among over 70 Faith, Small Business, Law Enforcement, Local Leaders Pushing for Bi-Partisan Tax and Transparency Policies
WASHINGTON, D.C. – Following the recent exposé dubbed the “Panama Papers,” a bi-partisan grouping of more than 70 faith leaders, small business owners, local leaders, and public interest advocates from 25 states will be on Capitol Hill this week to urge lawmakers to support tax and transparency legislation that benefits small businesses, taxpayers, and vulnerable communities.
Seasoned Policy Strategist Looks to Elevate Coalition in Wake of Panama Papers
WASHINGTON, D.C. – The FACT (Financial Accountability and Corporate Transparency) Coalition today welcomed aboard Gary Kalman as FACT’s new executive director, effective Monday, April 11, 2016.
Following Panama Papers: Faith, Small Business, Law Enforcement, and Local Leaders Descend on Washington for Bi-Partisan Tax and Transparency Solutions
April 11–13, 2016
More than 70 faith leaders, small business owners, local leaders, and public interest advocates from 25 states will be on Capitol Hill this week to urge lawmakers to support tax and transparency legislation that benefits small businesses, taxpayers, and vulnerable communities.
Statement of Clark Gascoigne, Interim Executive Director, Financial Accountability and Corporate Transparency (FACT) Coalition
Note: Yesterday evening the U.S. Department of Treasury announced regulatory actions to further limit the ability of multinational corporations to benefit from the tax avoidance maneuvers known as “inversions” and “earnings stripping.”
WASHINGTON, DC – Clark Gascoigne, the Interim Executive Director of the Financial Accountability and Corporate Transparency (FACT) Coalition, issued the following statement today reacting to the announcement of new measures by the U.S. Department of the Treasury to counter corporate tax inversions:
U.S. the 2nd Easiest Place in the World to Open Anonymous Shell Companies to Launder Money
70+ Faith Leaders, Small Business Owners, Citizen-Lobbyists Headed to Washington Next Week to Call on Lawmakers to End Abuse of Anonymous Companies
WASHINGTON, DC — A trove of more than 11 million documents from a Panamanian law firm leaked to the International Consortium of Investigative Journalists shows the deadly, devastating toll that anonymous companies take on the world, highlighting the need for U.S. action, according to the Financial Accountability and Corporate Transparency (FACT) Coalition.
