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Beneficial Ownership and disclosure of trusts: challenging the privacy arguments

December 7, 2016   Blog, Financial Regulation, Secrecy

On July 22nd, 2016 the French supreme constitutional court ruled on a case brought by a US American citizen resident in France who had created a trust, allegedly to distribute her inheritance. She was contesting moves by France to set up a public register of trusts connected to France in an attempt to tackle tax fraud and serious economic and financial crime[1]. So, what does this mean for transparency and tax justice?

Links Dec 2

Panama Papers Have Had Historic Global Effects — and the Impacts Keep Coming ICIJ

Journalists Hang Tough in Face of Backlash Against Panama Papers Reporting ICIJ

No more fear of transparency – register of beneficial ownership should become public TJN Germany (In German)

Kenya to lend its tax expertise to Botswana after historic deal KDR TV
For coverage of Tax Inspectors Without Borders, listen to our latest podcast here.

LuxLeaks trial: European civil society organisations mobilising in support of whistleblowers and against tax evasion l’Humanité (In French)

Presenting the Conclusions of the fifth meeting of Tax Administrations TJN Latin America & Caribbean (In Spanish)

Expert analyses money laundering and tax evasion in Argentina TJN Latin America &Caribbean (In Spanish)

End the Corporate Shell Games Bloomberg
Op-Ed from the U.S. Department of Justice

http://ownershiptransparency.com/ – a new tool and resource for beneficial ownership transparency

Malaysian state fund 1MDB: Ex-BSI Banker’s Guilty Plea Reveals Swiss Bank Ties finews

Canada Revenue Agency launches new strategy to crack down on tax havens The Globe and Mail

The current state of play on tax avoidance Tax Research UK

New Panamanian accounting requirements for offshore companies STEP

Ireland: Taoiseach Enda Kenny plays down chance of further Apple tax revelations The Irish Times

Cristiano Ronaldo accused of using Dublin to avoid Spanish taxes The Irish Times

 

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