Wednesday April 8, 2020

The end of offshore secrecy?

Thousands of Irish companies prefer to remain unlimited, meaning they don’t have to file accounts. But, to protect their owners, many have set up limited parent companies abroad. New EU directives due to be implemented next year may change all that

24th December, 2014
British Virgin Islands

A strange thing happened at the G20 summit in Brisbane earlier this month – its members actually agreed on something.

Before Vladimir Putin took his early leave, the group managed to back a transparency drive against the use of anonymous shell companies and trusts, giving new political momentum to longstanding promises to tackle corporate secrecy.

In its essence, the agreement amounted to the group publishing a set of principles for governments that aim to make...

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