FACT Submits Comment to the SEC to Amend Form PF and Secure the U.S. Financial System
Requiring private fund advisers to conduct and report basic customer due diligence is key for defending U.S. financial markets from bad and corrupt actors.
Shining a Light on $5 Trillion in Tax Avoidance in Wake of Global Tax Deal
Recent progress achieved through creating a global minimum corporate tax must be complemented by greater tax transparency and enforcement. As the saying goes, “sunlight is the best disinfectant.”
47 NGOs Call for Extension of Governmental Comment Periods During COVID-19 Pandemic
A group of 47 NGOs sent a joint letter to several federal agencies requesting the extension by 90 days of public comment periods on pending requests for information, notices under the Paperwork Reduction Act, notices of proposed rulemaking, and other releases seeking meaningful public comment over the next three months.
New Report: Corporate Tax Transparency Becoming the Global Norm
Investors, Businesses, and Policymakers Increasingly Take Steps Toward Public Country-by-Country Reporting of Tax Information
WASHINGTON, D.C. – Public disclosure of multinational corporations’ disaggregated profits and taxes is steadily progressing toward a global norm as investors, businesses, and policymakers have increasingly taken steps toward transparency, according to a new study published Tuesday by the Financial Accountability and Corporate Transparency (FACT) Coalition.
FACT Sent a Letter to the SEC to Call for Country-by-Country Reporting of Tax Information
The FACT Coalition filed a comment on November 15, 2018 with the U.S. Securities and Exchange Commission (SEC) to urge the agency to develop comprehensive disclosure reporting requirements of tax information for publicly traded companies. The full letter can be read below or downloaded here.
Investors and Academics Push SEC to Require Tax Transparency, Other ESG Disclosures
WASHINGTON, D.C. — More than 60 institutional investors and academics called on regulators Tuesday to require more transparency in corporate filings — including information on offshore tax practices. The petition to the Securities and Exchange Commission (SEC) is part of a broader effort to align disclosure frameworks with an investment environment focused on long-termism.