The dawn of Public Registries of Company ownership is upon us and is spreading around the globe. However, the approach to its adoption is not consistent and this doesn’t serve the global financial community well.
The Global Forum (part of the OECD) – the only international body endorsed by the G20 on issues of transparency and exchange of information for tax purposes – has so far not provided sufficient clarity on this issue, instead Governments, pressure groups and other bodies are taking the lead.
The question is: will The Global Forum rule conclusively on this matter and if so what will they say? To read Dominion’s commentary on what the Global Forum has said so far in the context of the UK’s decision to force disclosure upon the British Overseas Territories visit expertsinwealth.com/globalforum. To read what impact Global Registers may have visit expertsinwealth.com/globalregisters
As an independent company with an international footprint in many of the world’s largest financial centres, Dominion has a clear and compliant approach to providing a range of specialist trust, corporate, fund and pension administration services to both a corporate and personal client base. Call us on +44 1534 765000 to find out more.