“Matt Gardner, executive director with the Institute on Taxation and Economic Policy, told Bloomberg BNA that rules governing materiality ‘are neither stringent nor precise,’ and that banks are realizing they don’t have to disclose them if they don’t want to.”
October 25, 2016
Bloomberg BNA: Thousands of Subsidiaries Go Missing From Bank SEC Filings
Institute on Taxation
and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
Subscribe to ITEP Emails
Tax research and policy news in your inbox.
Promote Fair Tax Policy
Your gift to ITEP promotes tax justice. With your help, we do research that supports taxing millionaires and billionaires, taxing big corporations and raising revenue for the things our people, our communities and our planet need.
Together, we can create a country with more economic justice, more racial justice, more climate justice… and more tax justice.