News & Events | Page 80 | The FACT Coalition

FACT Coalition to U.S. Government: Time to End Phantom Firms UK Announces Public Registry of Corporate Ownership

October 31, 2013

Today’s commitment from the Prime Minister of the United Kingdom to make a registry of the actual owners of corporations publicly available represents significant progress toward cracking down on anonymous companies polluting the globe. Because the United States is a prime destination for setting up anonymous companies that are used to facilitate crime and move dirty money, members of the FACT (Financial Accountability and Corporate Transparency) Coalition urge the U.S. to follow through on its G8 commitment to collect information about the ultimate owners of companies. The coalition encourages the U.S. to join the UK by pledging to make this information available to the public.

Taxes on Overseas Earnings and the Race to the Bottom

July 29, 2013

To the Editor:

Your editorial “A Global Revenue Grab” (July 23) presents misleading and selective data that paints powerful, profitable corporations as victims of a system that affords them the best of all worlds in terms of taxation.

Free Enterprise Is Not Free

November 20, 2012

There’s been a lot of talk about what we can’t afford as a nation and who is getting what “gift” or which free ride. When President Obama met with CEOs and chatted with Jamie Dimon over the weekend, we should hope he issued a stern warning that the tax avoidance games (legally) played by big banks and multinational corporations are on the chopping block. When it comes to cutting, eliminating and restructuring things, these loopholes should be top-of-mind for all leaders.

Foreign Depositors Rule Is Welcome

May 8, 2012

To the Editor:

Regarding “Florida bankers object to disclosing identities of foreign depositors,” OrlandoSentinel.com, April 18: The Florida Bankers Association, U.S. Sen. Marco Rubio and U.S. Rep. Bill Posey are off base in their reactions to the new Treasury Department rule requiring banks to report information to the Internal Revenue Service on deposit accounts held by foreigners. They already are required to do this for accounts held by U.S. citizens, U.S. residents and Canadians.