Going Public: UK, EU and US to Unmask Real Owners of Companies….Will Trusts Be Next?

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?

A Private Registry of Shell Company Owners…

…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 To Face G-8 Pressure Over Tax Evasion Response.

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.

Cameron Calls for Multilateral Deals on Automatic Exchange of Tax Information…And More!

(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!