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.
Investors, Businesses, and Policymakers Increasingly Take Steps Toward Public Country-by-Country Reporting of Tax Information
WASHINGTON, D.C. – Public disclosure of multinational corporations’ disaggregated profits and taxes is steadily progressing toward a global norm as investors, businesses, and policymakers have increasingly taken steps toward transparency, according to a new study published Tuesday by the Financial Accountability and Corporate Transparency (FACT) Coalition.
The Financial Accountability and Corporate Transparency Coalition (FACT Coalition) sent a letter to the Global Reporting Initiative in support of their exposure draft on “Tax and Payments to Governments”.
Investors and Analysts Call for More Disclosures around Offshore Tax Practices as Shifting Tax Policies and Increased Enforcement Actions Impact Shareholder Value
WASHINGTON, D.C. – Investors are at an increasing risk from the lack of information disclosed by companies about their tax practices, according to a new analysis published today by the Financial Accountability and Corporate Transparency (FACT) Coalition.
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.
Justice Brandeis once famously said that “sunlight is the best disinfectant.” It is a quote advocates for government and corporate transparency have repeated each time we are asked if any of “this stuff” makes a difference. For the record, it does.
The latest evidence comes from a recent report produced by two German academics looking at whether a European Union (EU) tax transparency initiative had any measurable impact on corporate behavior.
