Financial Transparency Coalition

WASHINGTON, D.C. – The Assistant Treasurer, Senator Nick Sherry, today reaffirmed the strong international partnership between Australia and the United States over tax cooperation, including on tax havens, tax evasion and other tax abuse issues currently on the G20 agenda.

A bill to ensure that persons who form corporations in the United States disclose the beneficial owners of those corporations, in order to prevent wrongdoers from exploiting United States corporations for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations, and for other purposes.

Summary and full text of the Stop Tax Haven Abuse Act of 2009 (S. 506, H.R. 1265), as introduced by Senator Carl Levin (D-MI) and Congressman Lloyd Doggett (D-TX).