Politico: Corporations face a show-and-tell on their overseas taxes
FACT Policy Director Ryan Gurule is quoted by Politico on FASB’s progress towards greater tax disclosures and the remaining need for comprehensive PCBCR.
Investors Score Huge Win at the SEC in the Fight for Greater Tax Transparency from Amazon
This week, the Securities and Exchange Commission (SEC) handed Amazon investors a major victory in their drive for greater tax transparency. In response to Amazon’s attempts to exclude a shareholder proposal urging greater disclosures, the SEC ruled that the company must include the proposal in its upcoming annual meeting of investors, to be held in May.
Shining a Light on $5 Trillion in Tax Avoidance in Wake of Global Tax Deal
Recent progress achieved through creating a global minimum corporate tax must be complemented by greater tax transparency and enforcement. As the saying goes, “sunlight is the best disinfectant.”
Letter from 13 Senators Pushing FASB to Boost Tax Transparency
13 Senators sent a letter to the Financial Accounting Standards Board to urge them to boost tax transparency.
Letter to FASB on Proposed Accounting Standards Update for Income Taxes
The FACT Coalition filed a comment on May 31, 2019 with the Financial Accounting Standards Board (FASB) on Proposed Accounting Standards Update for Income Taxes, File Reference No. 2019-500. The full letter can be read below or downloaded here.
Investors Representing More Than $1 Trillion in Assets Under Management Sent A Letter to FASB Supporting Country-by-Country Reporting
A group of investors representing more than $1 trillion assets under management signed a letter to the Financial Accounting Standards Board, urging FASB to reconsider the Exposure Draft and support country-by-country reporting.