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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....