REPORT – COMPLEX OWNERSHIP STRUCTURES: ADDRESSING THE RISKS FOR BENEFICIAL OWNERSHIP TRANSPARENCY

On 16 February, the Tax Justice Network in the UK published a report which followed a closed roundtable meeting in October of 2020 involving the Tax Justice Network together with other allies and experts from international organisations, country authorities, civil society organisations, journalists, the private sector and academia.  This report was prepared based on the feedback, discussion and presentations shared at the roundtable, with a focus on the secrecy risks (affecting beneficial ownership transparency) created by complex ownership structures.  It offers a list of factors that could create complexity such as a high number of layers, presence of entities from secrecy jurisdictions in the ownership chain, and so on.

https://taxjustice.net/wp-content/uploads/2022/02/Complex-ownership-chains-Reduced-Andres-Knobel-MB-AK.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymea3coffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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