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?

Offshore Company Formation is Still Big Business

According to Appleby’s latest “On the Register” report, which provides insight and data on company incorporations in offshore financial centers, company formations in both London and Hong Kong are well above those recorded in 2009. In fact, Hong Kong, as a comparator, saw a 9 percent increase in the total number of active registered companies, with… More Offshore Company Formation is Still Big Business

I Predict a New OECD Tax Haven Blacklist…Here’s the Evidence.

On page 11 of the OECD report to the recently concluded G8 Summit titled “A Step Change in the Transparency Agenda” is the following footnote: “In view of the next G20 Summit, we also strongly encourage all jurisdictions to sign or express interest in signing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters… More I Predict a New OECD Tax Haven Blacklist…Here’s the Evidence.

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…

Turkish Tax Deduction Targets Sports.

Still surprised that Turkey won both the gold and silver in the women’s 1500 metres? You aren’t alone. In fact much of the athletic world was left stunned by the performance. It’s true however that the İstiklal Marşı has been played at Olympiads since 1924 but usually for Turkey’s weightlifting success and hardly ever for running events. Weightlifting… More Turkish Tax Deduction Targets Sports.