May 2018

-OpEd- PARIS — Public opinion was outraged, and rightly so, by revelations from the so-called Paradise Papers investigation and the publication, before that, of the Panama Papers. But no one ever questions the root causes of these tax scandals. It’s not enough to complain and condemn. We must deal with the root causes of the […]

The U.K. will require its overseas territories to develop public registries of the owners of companies formed there, marking a major victory for activists pursuing anti-money laundering reforms. A government minister backed down from earlier-stated opposition to an amendment to a sanctions and anti-money laundering bill that would require such registries from the overseas territories, […]

The U.K. passed legislation on Tuesday that aims to remove the cloak of secrecy shrouding many of the British tax havens, with activists hailing it as a major victory in the fight against corruption and tax dodging. Amendments added at the last hour to a sanctions and anti-money laundering bill will compel jurisdictions like the […]

Britain’s overseas territories will have to introduce public ownership registers, after a minister announced the government would support a backbench amendment designed to stem the global flow of “dirty money”. Sir Alan Duncan, the Foreign Office minister, told the Commons that the Conservatives recognised “the majority view in this house” and that the government would […]

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The Munich-based daily Süddeutsche Zeitung (SZ) and public broadcasters NDR and WDR reported Thursday that the haul of €140 million ($171 million) in fines and tax arrears was made in some of Germany’s 16 states. Revenue authorities in the most populous state, North Rhine-Westphalia (NRW), gleaned €100 million in fines from banks and financial institutes for complicity […]