In this month’s edition of Just the FACTs, FACT hosts an event at the intersection of financial transparency, tax fairness, and democratic renewal, and the Government Accountability Office releases a new report detailing risks associated with Treasury’s gutting of the Corporate Transparency Act.
In this month’s edition of Just the FACTs, bipartisan outcry from lawmakers over Treasury’s move to gut the ownership reporting requirements for U.S. companies, and FACT’s research prompts new legislation to end tax subsidies for foreign oil and gas drilling.
In this month’s edition of Just the FACTs, FACT-endorsed corporate tax transparency legislation is reintroduced in the House and Senate, sparks fly at FinCEN’s annual HFSC oversight hearing, FACT announces an event bridging transparency issues and American democracy, and more.
Microsoft’s new financial disclosures demonstrate the challenge facing policymakers interested in taxing AI: massive investment in the sector is lowering tax collected today, and even when the technology becomes profitable loose international tax rules mean the U.S. might not get much new revenue.
FACT applauds the reintroduction by Senator Chris Van Hollen and Representative Brittany Pettersen of the Disclosure of Tax Havens and Offshoring Act, legislation that would require American multinational corporations to publish expanded financial information on their offshore operations.
In this month’s edition of Just the FACTs, Erica Hanichak and Zorka Milin are named FACT co-directors, Microsoft and other major multinationals release their first EU international tax reports, Julia Yansura contributes to hard-hitting reporting on Ecuadorian gold, and more.
