Thursday, 14 April 2016

May is likely to be an interesting month in 2016

All around the world directors, shareholders, beneficial owners, mob bosses, drug lords, gun runners and owners of stolen art hiding within shell companies in low tax jurisdictions will be marking their calendars…..

AFR Weekend, 8 April 2016:

The ICIJ, which has said it will not provide data to regulators, plans to release the names of more than 200,000 Mossack Fonseca companies, trusts and foundations in May, including names of directors, shareholders and beneficial owners.
Tax authorities can use this data to seek further documents under tax treaties with many jurisdictions....

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