Corporate Transparency and Accountability Act 2016-09-22 Introduced in House Corporate Transparency and Accountability Act

This bill amends the Securities Exchange Act of 1934 to require each issuer of a security required to file an annual or quarterly report to disclose during the period covered in that report:

  • the issuer's total pre-tax profit,
  • the total amount paid by the issuer in state taxes,
  • the total amount paid by the issuer in federal taxes, and
  • the total amount paid by the issuer in foreign taxes.

Each such issuer shall also disclose in that report specified corporate financial information, aggregated on a country-by-country basis, for each of its subsidiaries.

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