Create a Global Wealth Registry to Tackle Tax Evasion, NGO Says

March 25, 2019

Isabel Gottlieb

Developed countries should create a global asset registry to track the real owners of offshore wealth, a coalition of nongovernmental organizations said.

Doing so would increase tax and financial transparency and combat wealth inequality, the Independent Commission for the Reform of International Corporate Taxation said in a March 25 paper.

  • A global asset registry should identify beneficial owners—the real or ultimate owners of assets, which are sometimes obscured by legal entities like holding or shell companies, the paper said....

https://news.bloombergtax.com/transfer-pricing/create-a-global-wealth-registry-to-tackle-tax-evasion-ngo-says