Corporate Veil Dropping: British Crown Dependencies Make Beneficial Ownership Registers Public, US Takes Baby Steps

Why should anyone care about government-mandated beneficial ownership registers for legal entities?

Why might a multinational enterprise have concerns with such registers? Current news tells us more and more of them are in the works.

After years of dragging their heels, and to the surprise of many in the international community, the British Crown Dependencies of Jersey, Guernsey, and the Isle of Man announced on June 19 that they will provide public access to beneficial ownership registers. On June 11 the United States made the first steps with proposed legislation to implement beneficial ownership registers. Should you be concerned? Read on and learn why you should!

The complete text of my article can be accessed at MNE Tax where it was first published. Full article here.

 

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