Press Releases & Statements | Page 40

FACT Calls for Strengthening of Treasury’s Anti-Money Laundering Proposal to Curb Abuse of Anonymous Companies

October 6, 2014

The FACT (Financial Accountability and Corporate Transparency) Coalition submitted comments to the U.S. Treasury Department on Friday welcoming the government’s proposed rule to require U.S. banks to know the true owner of all accounts opened in their institutions as a step toward pushing dirty money out of the American financial system, while cautioning that several elements of the proposal need to be strengthened.

The Great Rip Off: New Report Shows How Anonymous American Shell Companies Are Used to Swindle Americans

September 25, 2014

With scams, frauds, and cons as prevalent as ever, a new report authored by Global Witness, with support from the FACT (Financial Accountability and Corporate Transparency) Coalition and others, thrusts anonymous American companies into the spotlight and demonstrates how crooks and the corrupt use them to rip people off.

FACT Issues Response to Treasury Actions to Limit Corporate Inversions

September 23, 2014

The FACT Coalition today issued the following responses on the new actions announced by the Treasury Department to limit corporate inversions.

One Way to Limit Inversions: Limit Earnings Stripping by Inverted Companies

September 10, 2014

The FACT (Financial Accountability and Corporate Transparency) Coalition applauds the introduction of legislation that would be a helpful step towards tax fairness if enacted along with the Stop Corporate Inversions Act, which was introduced in the House and Senate in May.

FACT Statement on No Federal Contracts for Corporate Deserters Act

July 31, 2014

The FACT (Financial Accountability and Corporate Transparency) Coalition today released the following statement on the introduction of the No Federal Contracts for Corporate Deserters Act.

Stopping Unpatriotic Corporate Inversions: A Vital First Step in Corporate Tax Reform

July 22, 2014

With U.S. corporations fleeing, or planning to flee, the country to avoid taxes, and the Senate Finance Committee scheduled to hold hearings on the U.S. tax code with an emphasis on corporate inversions, the FACT (Financial Accountability and Corporate Transparency) Coalition supports efforts to ensure that U.S. multinational corporations remain in the country and pay their fair share of taxes.