On May 12, Clark Gascoigne, Interim Executive Director of the FACT Coalition, offered remarks during the Organization for Economic Cooperation and Development’s public consultation on BEPS Action 13, which addresses country-by-country tax reporting. His comments underscored both the need and public momentum for making such reports public.
The FACT Coalition sent a letter to Congress outlining key transparency and accountability measures to guide the ongoing policy response to COVID-19.
Transparency International has issued on a factsheet on the importance of anti-corruption measures, including beneficial ownership disclosure, in formulating a response to the COVID-19 pandemic.
The FACT Coalition sent a letter to Congress opposing any offshore corporate tax giveaways in a COVID-19 emergency response package and calling for country-by-country tax transparency as a prerequisite for any potential tax breaks or bailouts.
A group of 47 NGOs sent a joint letter to several federal agencies requesting the extension by 90 days of public comment periods on pending requests for information, notices under the Paperwork Reduction Act, notices of proposed rulemaking, and other releases seeking meaningful public comment over the next three months.
The FACT Coalition sent a letter to the U.S. Securities and Exchange Commission voicing concerns that the proposed SEC rule does not currently align itself with the emerging global standards around transparency of tax and payments to governments.
