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
6
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.

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