Part Two: FACT’s 2023 Springboard for International Tax and Tax Transparency Reforms
Why 2023 is the year that FACT is pushing the SEC to use its authority to advance public country-by-country tax and operations reporting.
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.
Treasury Releases Second Draft Rule to Implement the Corporate Transparency Act
Less than a week after the conclusion of the IACC, the Biden Administration took another big step toward meeting its anti-money laundering and anti-corruption commitments with the release of the second draft rule to implement the Corporate Transparency Act early today.
Securities and Exchange Commission Should Require Increased Tax Transparency for U.S.-Listed Multinationals, FACT Coalition Tells Investor Committee
FACT Policy Director Ryan Gurule addressed the Securities and Exchange Commission’s Investor Advisory Committee today as part of a panel on emerging investor expectations regarding tax transparency.
FACT Submits Comments to the SEC Encouraging Additional Due Diligence and Reporting Requirements for Financial Advisors
Key recommendations include requiring investment advisers to conduct basic customer due diligence, report beneficial ownership information, and countries of origin for investors in private funds.
Law360: SEC Eyeing Public Country-by-Country Reporting, Chair says
“We are pleased that Chair Gensler indicated today that the SEC is looking at the need for increased tax and financial reporting by big multinational companies to inform investors and other stakeholders,” said FACT Executive Director Ian Gary.