ICYMI: FACT calls for US action to target the proceeds illegal gold mining, members of Congress call attention to the rollback anti-money laundering regulations, and more in the latest edition of Just the FACTs. thefactcoalition.org/fact-calls-f...

US Chamber complains about tax transparency, which they frame as a trade barrier. Facts: Aggressive tax planning is a material risk. Investors have been demanding improved tax transparency for years, and it's coming whether some in corporate America like it or not. www.uschamber.com/taxes/u-s-ch...

Congressional appropriators are threatening to defund the nation's accounting standard-setter over new corporate tax reporting rules. These new rules responded to investor demands for better disclosures - they shouldn't be in the political firing line. itep.org/corporate-ta...

Congressional appropriators are threatening to defund the nation's accounting standard-setter over new corporate tax reporting rules. These new rules responded to investor demands for better disclosures - they shouldn't be in the political firing line. itep.org/corporate-ta...

ICYMI: Australia took another important step in the implementation of their world-leading public country-by-country tax reporting regime. Read FACT's official comments submitted to the Australian tax office here: thefactcoalition.org/wp-content/u...

A new report from @oilchange.bsky.social estimates that the gov. hands a staggering $34.8B to the fossil fuel industry per year in subsidies, including $7+ billion per year in subsidies for O&G production abroad. These market-distorting subsidies should be repealed. oilchange.org/publications...

Country-by-country reporting of tax information has been a huge benefit for those with access to it, but Global South countries have faced significant obstacles. Read FACT’s comments to the UN Tax Committee calling for increased global tax transparency: thefactcoalition.org/fact-submits...

It's no surprise that the global financial crime watchdog, FATF, will be prioritizing benficial ownership registries in their next round of evaluations. Criminals rely on U.S. shell companies to hide their illicit profits. To avoid a negative evaluation, the US must improve.

"The U.S. has become a hub for the proceeds of illegal gold mining, empowering criminal networks and authoritarian regimes in the process.” FACT's @jyansura.bsky.social told @miamiherald.com. www.miamiherald.com/news/local/c...

This is America Last in action: letting big corporations shift their profits to tax havens to avoid US tax

As both a major destination for laundered gold and a central node in global finance, the United States holds powerful tools to disrupt illicit gold networks in the Amazon. Read @jyansura.bsky.social and @isidorohazbun.bsky.social's new report to learn more. thefactcoalition.org/report/illeg...

This afternoon, Julia Yansura will speak at the Universidad de los Andes for an event:"Amazon under threat: challenges and opportunities for regional governance", as a part of the Global Initiative against Transnational Organized Crime's Climate Dialogues series. The event will be livestreamed here:

This Thursday, FACT deputy director Erica Hanichak will speak at a panel as a part of the ACFCS' FinCrime Virtual Week. The event, titled "Night of the Living Loophole - Real Estate and FinCrime Risks" will cover financial loopholes in the real estate sector. www.acfcs.org/fincrime-vir...

Read @icij.org's coverage of a new bill that would crack down on money laundering in the art market. From the article: "The problem is compounded by the widespread use of shell companies and trusts to conceal the beneficial ownership of high-value assets." www.icij.org/news/2025/08...

A new report from @banking.senate.gov confirms what FACT has been saying: We can't leverage sanctions without the ability to enforce them effectively. We need AML tools - like the Corporate Transparency Act - to follow the money and protect U.S. national security.

Just last month, US Treasury imposed a record fine of $216m on a venture capital fund for sanctions violations, widely seen by lawyers as a warning shot to the fund industry. But yesterday US Treasury exempted the fund industry from anti-money laundering checks for at least two years.

The decision to postpone the private investment anti-money laundering rule has been made official today. See the order below, and our full reaction quoted. www.fincen.gov/sites/defaul...

ICYMI: Newly-reintroduced bicameral bill would cut $190B in tax loopholes and federal subsidies for the fossil fuel industry over a decade, including international tax breaks long opposed by FACT, as well as all new O&G handouts from the 2025 tax reform. www.citizen.org/news/new-bil...

ICYMI: -FACT reacts to Treasury's delayed implementation of a landmark AML rule, -The Art Market Integrity Act is introduced, and [email protected] and @thomasgeorges.bsky.social break down the international corporate provisions of the budget megabill. thefactcoalition.org/just-the-fac...

A recent House proposal proposes a funding cut of 45% for IRS enforcement. A functioning democratic society needs a well-funded, fair, and transparent tax system. If passed, these cuts will likely hurt the agency's ability to audit wealthy tax cheats and corporations.

New reporting from @richardrubindc.bsky.social @wsj.com quotes FACT's @zorkamilin.bsky.social on the expansion of the FDII deduction in the 2025 tax law. FDII hands 10s of billions each year to only a few hyper-successful companies: it should be repealed, not expanded. www.wsj.com/business/u-s...

You can't enforce tariffs while giving a green light to anonymous shell companies. New FACT Coalition opinion piece in the Wall Street Journal. @factcoalition.bsky.social www.wsj.com/opinion/be-t...

The International Tax Review ran an interview with me focused on increased calls for companies to disclose their tax payments and strategies. @factcoalition.bsky.social + investors want to see public country-by-country reports to deal w material risks. www.internationaltaxreview.com/article/2f3h...

New from FACT's Erica Hanichak in @wsj.com: "If the White House is serious about enforcing US tariffs, it would support resounding calls from law enforcement to reinstate disclosures for domestic companies under the Corporate Transparency Act" Read more here:

The Art Market Integrity Act will deny illicit actors the opportunity to launder money through the US art market. Huge shoutout to @combatlooting.bsky.social for their work championing this important bill. See their full press release here: theantiquitiescoalition.org/congress-tak...

Illegal gold mining in the Amazon basin has exploded in the past decade. On May 14, FACT hosted award-winning journalists Arturo Torres and Joseph Poliszuk for a panel exposing how illegal mining and dirty money drive deforestation, corruption, and human exploitation.

Postponing and reopening last year's groundbreaking anti-money laundering rule for the $130 trillion private investment sector will only serve to heighten existing illicit finance and national security risks. Read FACT's full reaction here: thefactcoalition.org/private-inve...

New from FACT Coalition - More America Last than America First. Our latest policy brief analyzes the HUGE tax cut for America’s largest corporations in the just passed reconciliation bill, costing nearly $170 billion in public revenues over the coming decade. thefactcoalition.org/policy-brief...

The new tax megabill is "an enormous missed opportunity to enact commonsense, revenue-raising international tax reforms and end tax incentives for offshoring." Read FACT's section-by-section analysis of the international corporate provisions here: thefactcoalition.org/policy-brief...

ICYMI: FACT reacts to the passage of the budget megabill - @zorkamilin.bsky.social ilin is quoted by several news outlets, and - @ianpgary.bsky.social ry attends the UN 4th International Conference on Financing for Development. thefactcoalition.org/just-the-fac...

The new budget megabill threatens to drive billions of dollars into unregulated channels through a new tax on remittances. FACT's @jyansura.bsky.social was quoted in @occrp.org's coverage:

H.R.1 moves the tax code in the wrong direction on nearly every front, including new tax breaks for the foreign profits of America's largest corporations. 2025 was an opportunity for real tax reform. This isn't it. Read FACT's full reaction here: thefactcoalition.org/hr1-final-bi...

NEW: @kclausing.bsky.social explains the three biggest failures of the "One Big Beautiful Bill." It... ➡️...adds substantially to the federal debt ➡️...raises costs for many households ➡️...weakens important international collaborative efforts Read it here:

The current Senate bill fails to address incentives that encourage the offshoring of jobs and profits by US multinationals. That's hardly "America-first", it's more like "tax havens first." See our full release here: thefactcoalition.org/g7-tax-p2-se...

President Trump loves to say he puts “America First.” But his Beautiful-for-Billionaires Bill actually includes tax breaks for sending jobs overseas. The truth is that Trump’s policies undermine our economy and put billionaires first, America Last.

The Senate tax bill and the G7 tax news are hardly "America-first" – more like "tax havens first" thefactcoalition.org/g7-tax-p2-se...

Next week, FACT is co-hosting an official side event at the Fourth UN International Conference on Financing for Development (#FfD4) on ways to stop corruption and dirty money from undermining global development.

On the damaging chilling effects of the retaliatory provision in the Republican bill: "By signalling that US capital markets could become a geopolitical tool, Section 899 could chip away at a foundation of trust that has underpinned American financial strength."

Investors need tax information to make financial decisions. That's why nearly a quarter of shareholders at pharma giant Merck voted in favor of greater tax transparency. To learn more, read this great new piece from @taxjustice.net and @jasonward-cictar.bsky.social. taxjustice.net/2025/06/24/b...

Senate's changes to the #remittance #tax do nothing to address illicit finance risks and make it even more regressive. @jyansura.bsky.social and @zorkamilin.bsky.social 's blog was quoted by @taxnotes.com. Article: www.taxnotes.com/tax-notes-to... Blog: thefactcoalition.org/remittance-t...

Thanks to @warren.senate.gov and @schakowsky.house.gov for calling attention to the harmful tax practices of pharma giants. This is just one of the ways in which our tax code unfairly rewards large multinational corporations' offshoring of American jobs and profits.

The Senate tax bill lowers the tax rate on multinationals' foreign profits relative to current law, and makes other changes that will further cut taxes for MNEs. "This proposal... is a missed opportunity to truly reform our America-last tax code." - @zorkamilin.bsky.social

"Nestled in the OBBBA winding its way through the U.S. Congress is a tax provision that could have ripple effects around the world: an excise tax on international remittances sent by individuals who live in the United States but are not U.S. citizens or nationals."

RIP US Department of Justice Tax Division. Zeroed out in the new DOJ budget memo. This does “a grave disservice to tax administration by destroying consistent and competent application of our tax laws” as 60+ leading tax lawyers warned in April www.bloomberg.com/news/article...

Lots of lessons to be learned from the first round of EU public #CbCR #tax reports: - In absence of penalties, some companies "have simply opted to ignore" the Directive - U.S. pharma and tech seem particularly prone to dodging reporting requirements www.taxnotes.com/tax-notes-to...

Great analysis from @factcoalition.bsky.social. The proposed remittance tax comes with several humanitarian, data security, and illicit finance problems. Check out this interesting perspective from @jyansura.bsky.social and @zorkamilin.bsky.social thefactcoalition.org/remittance-t...

Here's how the billionaires take us all for fools: Financier wins $1 billion offshore tax handout for the low price of $2m in campaign donations + $500k spent on DC lobbyists. That's swampy math for you. www.washingtonpost.com/business/202...

"We are looking at potentially $52 billion a year in remittances shifting into unsafe, unlicensed channels." Read a new blog from @jyansura.bsky.social and @zorkamilin.bsky.social on how the House megabill undermines 25 years of progress to formalize remittance flows.

International tax policies in the big bill cost more than $130 bn but will (at best) do nothing to spur US investment. GILTI won't affect domestic investment (deals with foreign profits); FDII, meant to encourage domestic intangibles, can discourage domestic tangible investment.

The Corporate Transparency Act protects small businesses from the harms of shell companies, but businesses should know how to comply. @velazquez.house.gov's bill would help by requiring Treasury to coordinate with small businesses on the CTA's implementation. velazquez.house.gov/media-center...