FACT Recommends Key Tax Transparency Reforms as Australia Weighs Public Country-by-Country Reporting

The Financial Accountability and Corporate Transparency (FACT) Coalition  commends the Australian Treasury for its commitment to implement public country-by-country reporting (PCbCR) and submitted comments last week encouraging the adoption of PCbCR best practices. FACT encourages the U.S. Securities and Exchange Commission (SEC) to move quickly to also adopt PCbCR best practices to address information asymmetries between multinationals, investors, policymakers, and other users of financial statements.

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