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UK Govt. to make public registry of company owners to combat corporate tax avoidance, following NGOs' campaign

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Article
31 October 2013

Global Witness welcomes UK’s historic rollback of corporate secrecy

Author: Global Witness

David Cameron will pledge today to make public the names of who actually owns and controls British companies, in a move applauded by Global Witness which has been campaigning on this issue for many years. This will make it much harder for criminals to hide their identity behind sham UK shell companies, and for the corrupt to steal billions of dollars from developing countries.

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Article
31 October 2013

UK to make public true owners of companies in drive against tax evasion, crime

Author: Luke Balleny, Thomson Reuters Foundation (UK)

The United Kingdom has decided to lift the veil of secrecy over who owns private companies by opening a corporate registry to the public, a move that will make it harder to evade taxes and hide the proceeds of corruption…The United Kingdom would become the first country to make information on who lies behind complex corporate structures public… Transparency campaigners… have pushed hard for a public registry, saying it would not only help tax authorities in developed countries but also help those in developing countries trace corrupt funds that have been spirited out of the country…The Financial Transparency Coalition, which has campaigned since 2009 for public disclosure of corporate owners, called on other countries to follow the U.K.'s lead.

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Article
24 January 2013

Tax avoidance - an introduction

Author: compiled by Business & Human Rights Resource Centre

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