102 Groups Tell Congress: Support Public Country-by-Country Reporting
102 nonprofit labor, civil rights, and environmental, and other NGOs urge Congress to support public country-by-country reporting.
102 nonprofit labor, civil rights, and environmental, and other NGOs urge Congress to support public country-by-country reporting.
Transparency International says the Disclosure of Tax Havens and Offshoring Act (H.R. 5933) will “lift the veil of secrecy on certain payments to governments by large multinational companies.”
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.
33 members of Congress sent a letter to the OECD supporting implementation of Country-by-Country Reporting rules in the OECD tax transparency guidelines.
WASHINGTON, D.C. – A global sustainability standard-setting body finalized a proposal to have multinational companies publicly disclose basic financial information on a country-by-country basis — a move that was praised by transparency advocates.
In recent days, presidential candidates Sen. Kamala Harris and New York Mayor Bill DeBlasio have called for taxing corporate profits the same whether they are earned in the United States or abroad. These calls echo the position of Sen. Bernie Sanders, who has long had a proposal along these lines. As ITEP has explained, correcting this inequity is not a mere detail but rather a sweeping reform that could end incentives for companies to shift profits and jobs offshore.