U.S. Representative Mark Pocan D-WI has introduced the Corporate Transparency and Accountability Act in an effort to increase transparency and expose tax avoidance and profit shifting activities. Under Bill HR 6126, all publicly traded companies would be required to include Country-by-Country (CbC) financial information in their public SEC filings, including the disclosure of the information required under the new non-public U.S. CbC requirements ({News-2016-06-30/A/2- previous coverage}), as well as the disclosure of total pre-tax profits and the amount paid in state, federal, and foreign taxes. Click the following for the press release and the bill itself (text not yet published...