| 000 -LEADER | |
|---|---|
| fixed length control field | 01139nam a22001337a 4500 |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Knobel, A. and Meinzer, M. |
| 245 ## - TITLE STATEMENT | |
| Title | Drilling Down To The Real Owners – Part 1 |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | United Kingdom |
| Name of publisher | Tax Justice Network |
| Year of publication | 2016 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | 20p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This report Drilling down to the real owners first part by the Tax Justice Network analyses focuses on just two, though crucial flaws: high thresholds in the definition of BO (“more than 25% of ownership”), and an escape route to avoid identifying the BO by registering a senior manager instead (by allowing a misinterpretation of situations where “no person is identified as BO”). The likely result of these flaws is the widespread abuse of nominee directors and shareholders that are “mistakenly” recorded as BOs, or the proliferation of entities without a BO. If this is not addressed, both FATF and EU regulations would help protect the veil of secrecy offered by the offshore legal entities exposed by Panama Papers. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | Banking Secrecy, Tax, Corruption |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | iffoadatabase.trustafrica.org/iff/TJN2016_BO-EUAMLD-FATF-Part1 (1).pdf |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Computer Files |
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