Thursday January 23, 2020

REVEALED: plan to name offshore trust holders under threat

State intensely lobbied by funds industry and Law Society

10th April, 2016
The home of Mossack Fonseca & Co in Panama City Pic: Getty

The state has come under intense pressure to water down new rules that would reveal the true owners of shell companies, The Sunday Business Post can reveal.

Such companies were shown by last week’s Panama papers leak to have facilitated widespread tax shelters.

Lobby groups have been pressing the Department of Finance not to allow public access to a register of the owners of so-called beneficial trusts.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

He was once the garlanded saviour of Nissan. So how did Carlos Ghosn find himself a fugitive after one of the most glittering careers in the history of the car industry?

Barry J Whyte | 4 days ago

Our goal in the west should be to encourage the country’s leaders to make its economy more competitive, open and transparent

Vincent Boland | 4 days ago

Inflation figures do not measure the cost of living, and in our hyper-globalised economy it’s not always easy to count what’s real and what’s not

Aidan Regan | 4 days ago