• FACT Coalition

    Created in 2011
  • BETA

    Up & running (A)
    Existing signals show a regular activity
  • Social networks

    6,580 544
  • Activities

  • Entity types

  • Location

    1100 13th St NW STE 800, Washington, DC 20005, USA


    United States of America

  • Employees

    Scale: 2-10

    Estimated: 7

  • Engaged corporates

    0 2
  • Added in Motherbase

    2 years ago
  • Value proposition

    Promoting policies to combat the harmful impacts of corrupt financial practices.

    The Financial Accountability & Corporate Transparency (FACT) Coalition is a nonpartisan alliance of over 100 state, national, and global groups working toward a fair tax system that addresses the challenges of a global economy and promoting policies to combat the harmful impact of corrupt financial practices.

    Our Goals
    * End the use of anonymous shell companies as vehicles for illicit activity;
    * Strengthen, standardize, and enforce anti-money laundering laws;
    * Require greater transparency from multinational corporations to promote informed tax policy;
    * Ensure that the US constructively engages in global financial transparency initiatives; and
    * Eliminate loopholes that allow companies and individuals to offshore income and avoid paying their fair share of taxes.

    Why It Matters
    There's untold wealth hidden in secrecy jurisdictions worldwide. The wealth-stripping from corrupt practices and regimes, illegal activity, and legal-but-ethically-bankrupt tax avoidance schemes is larger than most can imagine. Because of the secret nature of the financial flows, it's impossible to know exactly the amount of money, but estimates range from $7.6 trillion to $32 trillion stashed in secrecy jurisdictions.

    More than $2.4tr is currently stashed offshore by Fortune 500 companies, costing taxpayers nearly $700bn. Indeed, the annual cost of offshore tax avoidance by multinational companies is $94 billion to $135bn, while overseas tax evasion by individuals drains an additional $40bn to $70bn each year from the public.

    We seek a larger conversation about how certain interests manipulate the tax system and undermine our ability to act collectively to solve problems. The secrecy, in particular, allows certain entities to play by a different set of rules than the rest of us. Globally, the secrecy facilitates corruption and impoverishes poor countries. In the US, we are complicit in the draining of wealth of other nations and fueling the austerity movement in our own.

    Tax Havens, Anonymous Companies, Anti-Money Laundering, Transparency, Accountability, Good Governance, Tax Evasion and Avoidance, Beneficial Ownership Transparency, Tax Transparency, and Country-by-Country Reporting

  • The FACT Coalition

    The FACT Coalition fights offshore tax abuses, promotes transparency in corporate ownership and operations, and advocates anti-money laundering policies.

  • https://thefactcoalition.org/
Corporate interactions BETA
Corporate TypeTweets Articles
UK Atomic Energy Authority
UK Atomic Energy Authority
Research, National and local authorities
UK Atomic Energy Authority
Research, National and local authorities

23 Mar 2018

Biotechnology, Biotechnology Research
Biotechnology, Biotechnology Research
Not partnership
Not event

26 Aug 2021

Financial Times
Financial Times
Media, Newspaper Publishing
Financial Times
Media, Newspaper Publishing

31 Mar 2023

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