The Supreme Court stays nationwide injunction against CTA enforcement, President Trump withdraws U.S. commitments to OECD global tax deal, and Treasury convenes summit on nature crimes and illicit finance.
Read the new report by former-FACT policy fellow Gabriel Aliu on the use case for public country-by-country reporting for Global South tax authorities, drawing on interviews conducted with Global South tax officials and other experts.
The OECD/G20 Inclusive Framework Multilateral Convention to Implement Amount A of Pillar One represents a historic and long overdue step to allow greater taxing rights for destination countries, as well as a potential source of expanded US public revenues.
Pressure from the Organization for Economic Cooperation and Development contributed to the Australian government’s decision to alter and delay legislation mandating public country-by-country reporting from large multinational companies last month, according to recent front-page reporting by the Financial Times.
2023 promises to be a very busy year for FACT as we continue to push for international tax reform to fight tax dodging by large multinationals.
Following an EU political agreement to implement a 15 percent global minimum corporate tax, the FACT Coalition calls on Congress to move swiftly to adopt international tax reforms in line with the OECD’s Pillar 2.
