The Financial Accountability and Corporate Transparency (FACT) Coalition is a non-partisan alliance of more than 100 state, national, and international organizations working toward a fair tax system that addresses the challenges of a global economy and promoting policies to combat the harmful impacts of corrupt financial practices.

Founded in 2011 under the leadership of Nicole Tichon, who served as the coalition’s original executive director, FACT quickly grew to include a large and diverse membership. During the first gathering at the Pocantico Retreat Center in New York, the groups established the following goals.

Goals

• End the use of anonymous shell companies as vehicles for illicit activity;
• Strengthen, standardize, and enforce anti-money laundering laws;
• Require greater transparency from multinational corporations to promote informed tax policy;
• Ensure that the U.S. constructively engages in global financial transparency initiatives; and
• Eliminate loopholes that allow corporations and individuals to offshore income and avoid paying their fair share of taxes.