Business secretary Vince Cable has announced his intention to create a public register of UK company ownership in a bid to tackle tax evasion and money laundering…But don’t believe the hype…The “tax efficiency” industry will simply see this as the latest loophole…It is about time the issue of unclear company ownership was addressed…[The] illicit use of shell companies and trusts has continued and can no longer be ignored…[The] reforms are certainly not going to usher in some new era of corporate transparency and accountability…The UK proposals won’t worry anyone engaged in shady practices, but the establishment is worried…A partner from accountancy firm Deloitte [stated]…a public register would discourage foreign investors…and “over-expose the financial position of potentially vulnerable individuals such as children who are the beneficiaries of trusts…”…How about sparing a thought for millions of children who go without food, healthcare, education, shelter and clean water because corporations…avoid taxes?...