A number of small, but important, bureaucratic steps draw FinCEN closer to full implementation of the CTA, and the IRS announces sweeping new tax enforcement efforts focused on large corporations and high-wealth individuals.
The FACT Coalition filed a comment on November 26, 2018 with the Internal Revenue Service (IRS) on proposed rules for the implementation of TCJA provisions. The full letter can be read below or downloaded here.
The FACT Coalition sent a letter to the IRS on proposed rules for the implementation of TCJA provisions. The full letter can be read below or downloaded here.
FACT Members, Partners to Speak at Friday IRS Hearing on Proposed Country-by-Country Reporting Rule
Multinational Profit Shifting Costs Taxpayers $111 Billion per Year
WASHINGTON, DC — The Internal Revenue Service is holding a public hearing Friday morning on proposed rules to crack down on corporate tax dodging by requiring multinational companies to report to the IRS their profits earned, taxes paid, and employee numbers on a country-by-country basis. Members and allies of the FACT Coalition are set to testify on the proposal, known as “country-by-country reporting”.
FACT Coalition Submits Comments to the U.S. Department of the Treasury and the Internal Revenue Service on Proposed Country-by-Country Reporting Rule
WASHINGTON, DC – The Financial Accountability and Corporate Transparency Coalition (or FACT Coalition) submitted comments to the U.S. Department of the Treasury and the Internal Revenue Service today offering strong support for—and recommending measures to further strengthen and clarify—a proposed rule to crack down on abusive tax avoidance by multinational corporations.
The FACT Coalition submitted the below comments to the U.S. Department of the Treasury and the Internal Revenue Service regarding a proposed country-by-country reporting rule.
