Financial Transparency Coalition

The budget conference committee, which is currently charged with negotiating a compromise on the U.S. federal budget, has met publicly for a second time last week. The committee must deliver a report to Congress by December 15 and, to avert another shutdown, Congress must extend government funding by January 15. Leaders in the budget committee leaders have said they “won’t waste time debating the areas where they already know there’s no agreement, but will focus on where deals can be cut.” Some Senate Democrats believe those compromises could lie in tax expenditures—including by eliminating “egregious” loopholes that wealthy individuals and...

WASHINGTON – Members of the Financial and Corporate Transparency (FACT) Coalition support three amendments that take aim at abuse of corporate offshore tax havens that have been offered in the Senate Budget Resolution debate.

WASHINGTON, DC – The Financial Accountability and Corporate Transparency (FACT) Coalition welcomed news that the U.S. Department of the Treasury will be leading a government task force to review the nation’s antiquated anti-money laundering regulations. The FACT Coalition—an alliance of more than 60 prominent anti-corruption, transparency, small business, and global development groups—originally called on the Treasury Department in September 2011 to undertake such a review.

The FACT Coalition released a document detailing their legislative asks yesterday. The document does a great job of detailing important ways to keep the financial system accountable, both in a domestic and international sense. The entire document can be downloaded below the 'read more' or at the 'PDF' link in the post title.