No mention of any government plans to make public, national registers of the beneficial owners of ‘trusts’ was made by UK Prime Minister Cameron during his address to the Open Government Partnership Summit last week. Instead he declared his intent to make national registers of the ‘real’ or beneficial owners of companies publicly accessible, and… More Going Public II: What About Trusts?
Today in London at the Open Government Partnership Summit, Prime Minister Cameron announced his government’s plans to make public, national registers of the ‘true’ , ‘shell’, ‘real’ or ‘beneficial’ owners of companies. In the company of the Presidents of Tanzania and Liberia, Cameron said that “a list of the owners of “shell” companies where firms keep… More Going Public: UK, EU and US to Unmask Real Owners of Companies….Will Trusts Be Next?
…could be the G8’s Plan ‘B’ in the event they fail to agree on a pubic register of beneficial owners of shell companies. In fairness to Canada then, that country may not be the only ‘spoiler’ at next week’s meeting, at least with respect to this centrepiece of Cameron’s transparency agenda, since both Putin and… More A Private Registry of Shell Company Owners…
Canada is just not doing enough to fight tax evasion. In particular, it is alleged that the Harper-led government is resisting efforts to mandate the adoption of public registers disclosing the beneficial owners of offshore accounts and shell companies. According to Canadians for Tax Fairness, Canada is also not as enthusiastic as they would like… More Canada To Face G-8 Pressure Over Tax Evasion Response.
(Knitted caps adorn fruit smoothies at the World Economic Forum in Davos) Speaking at the World Economic Forum in response to a question about whether the “enormous moral and public pressure to pay more tax” would discourage investment in the UK”, the UK Prime Minister called for more multilateral deals on automatic information exchange, including with developing… More Cameron Calls for Multilateral Deals on Automatic Exchange of Tax Information…And More!