Press Releases & Statements | Page 29

Bipartisan Momentum Builds as Senators Introduce Measure to Curb Money Laundering, Terror Financing

August 3, 2017

Sen. Wyden and Sen. Rubio’s “Corporate Transparency Act” — Companion to Rep. Maloney and Rep. King’s H.R.3089 — Would End Incorporation of Anonymous Companies
WASHINGTON, D.C. — Momentum continued to build towards curbing criminal money laundering and terror finance Thursday as Sens. Ron Wyden (D-OR) and Marco Rubio (R-FL) introduced the Corporate Transparency Act (S.1717), the Senate companion to a bipartisan House bill (H.R.3089) aimed at ending the abuse of anonymous shell companies.

After Death of BAT, Time to Fix the Gaming of the Corporate Tax System

July 28, 2017

Statement of the FACT Coalition on the “Joint Statement on Tax Reform”
WASHINGTON, D.C. — A group of Administration and Congressional leaders known as the “Big Six” released a joint statement outlining their priorities for reforming the tax code Thursday.

Bipartisan Bill Seeks to Secure Airways from Criminals and Terrorists

July 28, 2017

FACT Coalition Supports ‘Aircraft Ownership Transparency Act of 2017’
WASHINGTON, D.C. — A bipartisan group of lawmakers introduced a bill Friday to secure the U.S. aviation system from criminal actors and terrorists hiding behind anonymous shell companies, in a move welcomed by the Financial Accountability and Corporate Transparency Coalition.

Bipartisan Bills Target Criminal Money Laundering, Terror Financing

June 28, 2017

Transparency Measures Have Broad Support from Financial Institutions, Law Enforcement, and Anti-Corruption Advocates
WASHINGTON, D.C. – Bipartisan pieces of legislation introduced on June 28, 2017 aim to crack down on one of the prime enablers of criminal money laundering and terrorist financing — the abuse of anonymous shell companies.

Statement on Speaker Ryan’s Tax Announcement at the National Association of Manufacturers

June 20, 2017

Speaker Paul Ryan gave a speech on tax reform before the National Association of Manufacturers. In the speech, he restated his position that corporate tax cuts will create jobs and that the United States should move to a territorial tax system.

Paris 2.0 — First Climate, Now U.S. Retreats from Anti-Tax Avoidance Accord

June 7, 2017

“U.S. Administration Chose to Double Down on Its Abdication of American Leadership.”
WASHINGTON, D.C. – Just one week after pulling out of the Paris Agreement to combat climate change, the U.S. administration has chosen to back away from yet another international convention — this one to combat abusive tax avoidance. Coincidentally, the tax agreement was also negotiated and signed in Paris — at the headquarters of the Organization for Economic Co-operation and Development (OECD).