Resources

Video: Rep. Axne Confronts FASB on Tax Disclosure

Rep. Cynthia Axne (D-IA) Washington, DC Representative Cynthia Axne (D-IA) confronts Russell Golden the Chairman of the Financial Accounting Standards Board on why their most recent proposal did not include tax disclosures in spite of global trend toward …

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Sustainability Panel Finalizes Public Tax Transparency Standard

New Rule from Global Reporting Initiative Could Bring Public Country-by-Country Reporting of Taxes, Profits, Revenues, and Employees to Thousands of Companies

WASHINGTON, D.C. – A global sustainability standard-setting body finalized a proposal on Thursday to have multinational companies publicly disclose basic financial information on a country-by-country basis — a move that was praised by transparency advocates.

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In Historic Vote, House Passes Bipartisan Bill to End Anonymous Companies

First Time Legislation to End Anonymous Companies Passes Either Chamber of Congress

Measure Received Support from White House Prior to Vote

Statement by Gary Kalman, Executive Director of the FACT Coalition

WASHINGTON, D.C. — With a bipartisan vote of 249 to 173, the House of Representatives passed a bipartisan bill Tuesday night to update federal anti-money laundering laws and end the incorporation of anonymous companies in the U.S.  After more than a decade of debate in Washington, Tuesday’s vote in favor of the Corporate Transparency Act of 2019 (H.R.2513) represents the first time that legislation to end anonymous companies has made it through either Chamber of Congress.

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