Part One: FACT’s 2023 Springboard for International Tax and Tax Transparency Reforms
2023 promises to be a very busy year for FACT as we continue to push for international tax reform to fight tax dodging by large multinationals.
European Union Paves the Way on Global Corporate Minimum Tax
Following an EU political agreement to implement a 15 percent global minimum corporate tax, the FACT Coalition calls on Congress to move swiftly to adopt international tax reforms in line with the OECD’s Pillar 2.
Law360: Global Tax Deal Leaves Little Room For Revisions
The design of the OECD’s global tax overhaul may overlook the fact that smaller countries may not have the capacity to administer the complex regime, according to Ryan Gurule of the Financial Accountability and Corporate Transparency Coalition.
Law360: Midterms Unlikely to Revive Debate Over Int’l Taxes in US
“Whoever is in power after the election is going to be facing pressure to addressing expiring tax cuts from the Tax Cuts and Jobs Act, protect popular social spending provisions in the tax code and navigate international tax reform efforts that seem to be happening with or without the United states that will impact U.S. multinationals,” Gurule said.
The U.S. Has an “Enabler” Problem- It’s Time for Congress to Turn Off the Spigot of Dirty Money
The Sentry’s report points to major ways the international community must act to deny kleptocrats the “brain trust” on which they rely to perpetrate their crimes. It’s up to the U.S. to be a leader, not a laggard, in implementing a robust anti-money laundering regime.
Germany leads the EU in implementing 15% Global Minimum Tax
Germany has expressed its intention to move forward with a crucial piece of the OECD’s global tax agreement, introducing legislation to create a minimum corporate tax with or without the rest of the European Union.