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Press Releases & Statements

International Tax Reform Draft from Senate Finance Members is Good for Tax Fairness, but More can be Achieved

The Financial Accountability and Corporate Transparency (FACT) Coalition welcomes the discussion draft released today by Senators Wyden, Warner, and Brown on international corporate tax reform. While the draft legislation would 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, more can be achieved through the inclusion of additional measures to equalize U.S. foreign and domestic corporate tax rates in the final legislation.

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FACT Coalition Welcomes White House Plans for “Summit for Democracy”

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.

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FACT Coalition Mourns the Passing of Senator Carl Levin

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.

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House Takes Historic Step in Advancing Corporate Tax Transparency

The Financial Accountability and Corporate Transparency (FACT) Coalition hailed today’s passage of the Disclosure of Tax Havens and Offshoring Act in the House of Representatives. Championed by Rep. Cynthia Axne (D-IA), the legislation, included as Title V of the Corporate Governance Improvement and Investor Protection Act (H.R. 1187), requires multinational corporations registered with the Securities and Exchange Commission (SEC) to disclose their taxes paid and other key financial information publicly on a country-by-country basis.

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FACT Coalition Applauds Biden Administration Move to Establish the Fight Against Corruption as a “Core U.S. National Security Interest”

The Financial Accountability and Corporate Transparency (FACT) Coalition today warmly welcomed the Biden Administration’s move establishing combatting corruption at home and abroad as a core U.S. national security interest. The National Security Study Memorandum, and President Biden’s directive to the National Security Advisor to develop a national strategy to combat corruption, represents a significant and timely elevation of the fight against corruption and financial secrecy.

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