Financial Accountability and Corporate Transparency (FACT) Coalition

Founded in 2011, the Financial Accountability and Corporate Transparency (FACT) Coalition unites over 100 different civil society representatives from small business, anti-corruption, faith-based, government watchdog, human rights, investors, labor, public-interest, and international development organizations from across the ideological spectrum.

We seek an honest and fair international tax code, greater transparency in corporate ownership and operations, and commonsense policies to combat the facilitation of money laundering and other criminal activity by the financial system.

Releases by this organization

Newswire article
Thursday, November 16, 2017
House Passes Bill that Offshores American Jobs and Profits
The U.S. House of Representatives on Thursday passed the “Tax Cuts and Jobs Act” (H.R. 1) — legislation that will reward offshore tax haven abuse and increase the incentive to outsource American jobs abroad, according to the Financial Accountability and Corporate Transparency (FACT) Coalition. The...
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Newswire article
Thursday, November 02, 2017
House Bill a Gift to Offshore Tax Dodgers and Outsourcers
The U.S. House Ways and Means Committee unveiled legislation Thursday that would overhaul the U.S. tax system. According to the Financial Accountability and Corporate Transparency (FACT) Coalition, the bill would reward corporations that have shifted profits to tax havens. The proposal would also...
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Newswire article
Tuesday, October 17, 2017
New Study Highlights Danger of Near 0% Tax Rate for Profits Booked Offshore
A new study released Tuesday highlights the widespread use of offshore tax haven loopholes by large multinational companies. The study highlights the danger of congressional proposals to exempt profits booked offshore from taxation, according to the Financial Accountability and Corporate...
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Newswire article
Wednesday, October 11, 2017
President’s Expected Statement on Tax Giveaway to Multinationals Is Inaccurate
The president is expected to claim in a speech Wednesday afternoon that a zero percent tax rate for multinational corporations that book profits offshore and a tax holiday for those multinationals that have already booked stockpiles of money offshore will increase the pay of the average American...
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Newswire article
Wednesday, April 05, 2017
New Bills Take Aim at Offshore Tax Haven Abuse
Congressional lawmakers introduced two measures Wednesday to close a number of offshore tax haven loopholes in a move welcomed by the Financial Accountability and Corporate Transparency Coalition (FACT Coalition), a non-partisan alliance of more than 100 state, national, and international...
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Newswire article
Thursday, March 09, 2017
New Bill Takes Aim at Offshore Tax Avoidance
Legislation introduced by Sen. Bernie Sanders (I-VT), Sen. Brian Schatz (D-HI), and Rep. Jan Schakowsky (D-IL) Thursday takes aim at offshore tax avoidance by closing a number of loopholes in the tax code. The Corporate Tax Dodging Prevention Act was welcomed by the Financial Accountability and...
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Newswire article
Thursday, January 26, 2017
Mnuchin’s Offshore Companies Underscore Need to Tackle Tax Havens in Tax Reform
The offshore companies controlled by Treasury Secretary-designate Steven Mnuchin featured prominently in his Senate confirmation hearings held last week in Washington. It was revealed that the former investment banker managed companies with assets in Anguilla and the Cayman Islands, both widely...
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Newswire article
Tuesday, October 04, 2016
New Report: Multinationals Dodging $718bn in U.S. Taxes on Profits Booked Offshore
The largest American companies have stashed nearly $2.5 trillion in profits offshore allowing them to dodge $718 billion in U.S. taxes, according to a new report released Tuesday by Citizens for Tax Justice (CTJ), the Institute on Taxation and Economic Policy (ITEP), and the U.S. Public Interest...
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Newswire article
Thursday, September 08, 2016
Report Highlights Investor Risks from Anonymous Shell Companies
A new report released today by Global Financial Integrity (GFI) and Global Witness emphasizes the importance to investors of knowing who owns and controls the companies with which they invest and with whom those companies do business. Titled “ Chancing It: How Secret Company Ownership Is a Risk to...
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Newswire article
Tuesday, August 09, 2016
World’s Largest Banks Endorse Ending Anonymous Shell Companies
On Monday , the Clearing House Association—representing the world’s largest commercial banks— sent a letter to Congressional lawmakers supporting strong measures to crack down on the abuse of anonymous companies. The group, which counts among its owners Bank of America, Citibank, JPMorgan Chase,...
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