FACT Joins 31 Civil Society Organizations and Experts to Send a Letter to the Senate Armed Services Committee in Support of Six Bipartisan Anticorruption Measures
31 Civil Society Organizations Send Letter to FinCEN in Support of Strong Beneficial Ownership Implementation
63 Investors with $2.9 trillion in Assets Under Management Send Letter to FASB in Support of Tax Transparency
FACT recently sent comments to the Financial Accounting Standards Board (FASB) urging them to adopt country-by-country tax reporting as part of its public consultation on the Board’s priorities. FASB sets and oversees the Generally Accepted Accounting Principles, the standard followed by most U.S. corporations in their financial reporting, and so could bring about widespread adoption of public country-by-country reporting as a way to ensure investors are fully able to assess reputational and regulatory risks in their portfolios.
The FACT Coalition and Americans for Tax Fairness submitted comments to the Senate Finance Committee in response to its International Taxation Overhaul Discussion Draft.
FACT recently sent comments to the Financial Action Task Force (FATF) urging the international body to adopt more robust beneficial ownership recommendations as part of its public consultation on Recommendation 24.