Financial Accountability and Corporate Transparency (FACT) Coalition

Founded in 2011, the Financial Accountability and Corporate Transparency (FACT) Coalition unites over 100 representatives from small business, labor, government watchdog, faith-based, human rights, anti-corruption, public interest, and international development organizations. We seek an honest and fair corporate tax code and to curb global tax evasion and avoidance by closing tax haven loopholes, promoting greater transparency in corporate ownership and operations, and advancing common-sense policies to combat the facilitation of money laundering and other criminal activity by the financial system. With more than $20 trillion currently stashed in secrecy jurisdictions around the world, offshore tax haven loopholes costing U.S. taxpayers $150 billion annually, and illicit financial flows draining a trillion dollars per year from developing and emerging economies—exacerbating global poverty and inequality—our work has never been more important.

Through continued strategic media outreach and on-going relationship building with Hill and Administration staff, FACT has helped to change the public conversation around taxes and build a range of champions in Washington willing to support legislative and executive solutions. FACT has fostered and maintains strong working relationships with both Democratic and Republican Hill offices and with various departments and offices in the executive branch. We played a central role in defeating proposals for a corporate tax holiday, and in March of last year, brought more than fifty small business owners, faith leaders, and activists from across the country to Washington for a three-day advocacy event.