“Microsoft’s new tax disclosures raise serious questions about the misalignment of economic substance and where profits are located, and how much revenue the U.S. and other market countries are losing as a result.” – Zorka Milin, Co-Director of the FACT Coalition
The new tax information in companies’ annual financial reports represents an enormous improvement upon what was previously available, and is only the beginning of a wave of new disclosures pursuant to requirements advocated for by investors, FACT, and our allies.
Watch a recording of the launch of FACT’s new report analyzing the tax disclosures of 11 U.S. oil and gas multinational companies, and calling for the elimination of harmful subsidies for extraction abroad.
Read FACT’s official comments to the Australian government on the implementation of Australia’s world-leading public country-by-country reporting regime.
Read FACT’s comments to the UN Tax Committee calling for the Committee to prioritize greater multinational tax transparency in the form of public country-by-country reporting.
New country-by-country reporting requirements for major multinationals doing business in Australia represent massive breakthrough for global tax transparency, and Treasury appeals misguided nationwide injunction against enforcement of the Corporate Transparency Act.
