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?

Is the United Nations Interested in Tax Evasion and Transparency?

( Kofi Annan, 77th Secretary-General of the U.N,Image by Telegraph) You might be forgiven for thinking that the United Nations (U.N) doesn’t care much about international tax and even less about rule-making to combat tax evasion and increase cooperation among domestic revenue authourities. It does seem that the UN is content to observe the global debate … More Is the United Nations Interested in Tax Evasion and Transparency?

France Announces New Tax Haven Blacklist. Are You Surprised?

(French Finance Minister Pierre Moscovici Image courtesy ukreuters.com) Within days of my own prediction of a new OECD tax haven blacklist, France announced that it will amend its anti-tax evasion legislation to ensure that countries who do not adopt the automatic exchange of information by 2015 will be ‘blacklisted’. This means that operators located in, or realising … More France Announces New Tax Haven Blacklist. Are You Surprised?

Want Regular Post-G8UK Up-dates?

Find them here: https://franhendy.com/post-g8uk-updates/ Available now: UK PM has today released a New Action Plan to Prevent the Misuse of Companies and Other Legal Arrangements. It is replete with references to trusts, beneficial ownership, the collection and sharing of information; and interestingly a proposed audit of the activities of UK trust and company service providers. Remember … More Want Regular Post-G8UK Up-dates?

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.

Are TIEAs Past Their ‘Sell By’ Date?

Maybe! Sixty more countries have signed, or indicated their commitment to sign the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters (‘the Convention’). This multilateral agreement provides for spontaneous taxpayer information exchange, simultaneous tax assessments and assistance in the collection of taxes. OECD Secretary General Angel Gurría has touted this latest wave of admissions as another winning … More Are TIEAs Past Their ‘Sell By’ Date?