Country-by-Country Reporting

Diverse Stakeholders Flood OECD in Push for Public Corporate Tax Disclosures

Investors, Small Businesses, Lawmakers, and NGOs Push OECD to Require Public Country-by-Country Reporting of Key Tax Information for Multinational Corporations

WASHINGTON, D.C. — A diverse set of stakeholders has called on the Organizations for Economic Cooperation and Development to mandate public disclosures of key tax information for multinational corporations.  Originally agreed to in 2015, the OECD is reviewing its standard on country-by-country reporting of tax information. The deadline for filing public comments was Friday, March 6th.

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Companies Don’t Want to Talk Taxes. Investors Can Change That.

No one wants to talk about tax or, more importantly, take the actions required to tackle the elephant in the room. Tax avoidance is one of the biggest drivers of inequality across the globe. No one can begin to truly tackle this issue without talking about tax.

As it currently stands, there simply aren’t enough corporations disclosing their practices, investors asking the right questions, or governments imposing regulations and penalties. Whether through legal avoidance loopholes or illegal evasion practices, multinational corporations not paying their fair share of taxes is far from victimless.

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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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FACT Submitted Comments for the Record to the House Subcommittee on Investor Protection

The FACT Coalition filed comments for the record to the House Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. The subcommittee held the hearing “Building a Sustainable and Competitive Economy: An Examination of Proposals to Improve Environmental, Social and Governance Disclosures,” on July 10th, 2019. The full letter can be read below or downloaded here.

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