The FACT Coalition filed a comment on November 15, 2018 with the U.S. Securities and Exchange Commission (SEC) to urge the agency to develop comprehensive disclosure reporting requirements of tax information for publicly traded companies. The full letter can be read below or downloaded here.
The FACT Coalition sent a letter to the IRS on proposed rules for the implementation of TCJA provisions. The full letter can be read below or downloaded here.
The FACT Coalition sent a letter to the Financial Accounting Standards Board (FASB) to urge them to require companies to provide a complete picture of their offshore operations by requiring full disclosure of key financial, tax, and operational data on a country-by-country basis. The full letter can be read below or downloaded here.
The FACT Coalition sent a letter on April 30, 2018 to the U.S. Treasury Department opposing the creation of a national security exception for CbC Reporting Requirements. The full letter can be read below or downloaded here.
The FACT Coalition joined 28 other organizations on March 5, 2018 in sending a letter supporting the administration’s December designations under the Global Magnitsky Act, an important measure to fight corruption and human rights abuses. The letter also expresses disappointment that designations weren’t made in key regions and countries. The full letter can be read below or downloaded here.
The FACT Coalition filed a comment on January 2, 2018 with the U.S. Securities and Exchange Commission (SEC) supporting the agency’s proposal to mandate the disclosure of Legal Entity Identifier (LEI) numbers by public companies and their subsidiaries. The Coalition also urged requiring all public companies to obtain LEIs, ensuring that the LEIs are disclosed in a machine-readable format, and mandating that companies disclose all of their subsidiaries in their disclosures, rather than simply their “significant” subsidiaries.
