Register revealing firms' true owners will be open to public, says Cameron
The government will announce that a planned register setting out the true owners of companies will be open to the public for scrutiny, not just the tax authorities, in a continuing effort to deter tax evasion.
A register of beneficial owners was one of the key main demands of campaigners when Britain chaired June's G8 summit of world leaders in Northern Ireland.
Campaigners have been determined to break down the wall of secrecy that lies at the heart of much tax evasion and Britain will be the first country to commit to an obligatory public register.
David Cameron announced plans in the summer to crack down on UK accountants, lawyers and business figures who use shell companies – often located in offshore tax havens – to hide the identity of ultimate beneficiaries.
http://www.theguardian.com/business/2013/oct/31/public-register-firms-secret-owners-cameron
