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US House passes bill that could shine a spotlight on corporate tax avoidance Credit: WikiMedia Commons In its current form, the Disclosure of Tax Havens and Offshoring Act would require large corporations registered with the SEC to disclose taxes paid and other financial information about their operations and subsidiaries on a country-by-country basis. According to the Financial Accountability and Corporate Transparency (FACT) Coalition, the act if passed could provide a spotlight on corporate profit shifting and tax avoidance strategies. We urge the Senate to expedite this important transparency measure after its quick passage in the House. It s far past time for corporate tax avoidance tactics to come out of the shadows, said Erica Hanichak, the FACT Coalition s director of government affairs.

Wikimedia commonsErica hanichakChris van hollenTax havensOffshoring actFinancial accountabilityCorporate transparencyகிறிஸ் வேன் ஹோலன்வரி புகலிடங்கள்நிதி பொறுப்புபெருநிறுவன வெளிப்படைத்தன்மை