Entity
Description
  • 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 TypeDate
Amazon
Amazon
IT services, Consumer Electronics, Internet
Amazon
IT services, Consumer Electronics, Internet
Other

18 Apr 2022

18 Apr 2022
OECD - OCDE
OECD - OCDE
International development, International Affairs
OECD - OCDE
International development, International Affairs
Other

28 Mar 2022

28 Mar 2022
European Parliament
European Parliament
European Union, Political Organizations
European Parliament
European Union, Political Organizations
Other

22 Mar 2022

22 Mar 2022
KPMG
KPMG
Consulting, audit, Accounting
KPMG
Consulting, audit, Accounting
Other

1 Feb 2022

1 Feb 2022
Chatham House
Chatham House
Think Tanks
Chatham House
Think Tanks
Other

8 Dec 2021

8 Dec 2021
Microsoft
Microsoft
IT services, Software Development
Microsoft
IT services, Software Development
Other

4 Nov 2021

4 Nov 2021
Financial Times
Financial Times
Media, Newspaper Publishing
Financial Times
Media, Newspaper Publishing
Other

8 Oct 2021

8 Oct 2021
HSBC
HSBC
Bank, Financial Services
HSBC
Bank, Financial Services
Other

22 Sep 2021

22 Sep 2021
Apple
Apple
Consumer Electronics, Computers and Electronics Manufacturing
Apple
Consumer Electronics, Computers and Electronics Manufacturing
Other

9 Sep 2021

9 Sep 2021
Amgen
Amgen
Biotechnology, Biotechnology Research
Amgen
Biotechnology, Biotechnology Research
Capitalistic
Not partnership
Not event

26 Aug 2021

26 Aug 2021
Similar entities
AxisEntities
No similarities
FACT Coalition
3 weeks, 6 days ago 2

Investors Fly Blind Without Public Country-by-Country Reports - It's time for the U.S. Securities and Exchange Commission to act to protect investors. New @bloomberg opinion piece by our executive director Ian Gary.
.https://lnkd.in/ecHdGAt9

FACT Coalition
1 month ago 1

Read the latest from the FACT Coalition on our efforts to fight corrupt financial practices and build a fair tax system. https://lnkd.in/eKSa2ngp

FACT Coalition
1 month, 2 weeks ago

Big #tax news in the latest edition of the FACT Coalition newsletter. Revenue Raisers in Inflation Reduction Act Better Position U.S. for Ending Tax Dodging by Multinational Enterprises
https://lnkd.in/e8qfaU_g

FACT Coalition
1 month, 2 weeks ago 1

Our latest release on the tax provisions in the Inflation Reduction Act and the need for further international tax reform to crack down on #taxavoidance. “Stable, increased funding for the IRS is a long-overdue and practical investment for the United States,” said Ryan Gurule, Policy Director at the FACT Coalition. “With these funds, the IRS will be able to reinvent itself after years of underfunding and finally tackle tax evasion by the wealthiest taxpayers who often use complex legal structures to take advantage of the understaffed and overwhelmed agency. Passing this legislation will mean finally lifting the tax enforcement burden off of lower and middle class families.” https://lnkd.in/ex2tnetj

FACT Coalition
1 month, 2 weeks ago 4

NEW: FACT Coalition was proud to join 23 anticorruption, foreign policy groups led by FACT member Transparency International USA
to push Senators to embrace the ENABLERS Act. The Senate must act to keep kleptocrats & criminals from accessing the US financial system via professional gatekeepers. https://lnkd.in/eQPNurDx

Social network dynamics