Beneficial Ownership & Transparency: A Live Panel Discussion Presentation

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Beneficial Ownership & Transparency:

A Live Panel Discussion

Monday, June 29th 2015 at 11:00 am BST

https://www.taxlinked.net/

Starting with the G8 meeting in Lough Erne in 2013 and continuing with the Financial Action Task Force's October 2014 report "Guidance on Transparency and Beneficial Ownership" and the November 2014 G20 Brisbane Summit, world leaders have been taking the necessary steps towards curtailing anonymous companies and illicit financial flows.

On March 26, 2015, the United Kingdom moved first and implemented its own Act on Beneficial Ownership. This regulation established a central public registry of those individuals who hold significant control of UK companies.


Beneficial Ownership: A Recent History


On June 5, 2015, the Norwegian Parliament passed a similar law creating a beneficial ownership public registry.

According to Sophie Haggerty of Global Financial Integrity, "Norway’s strong endorsement of transparency comes as no big surprise: the Scandinavian country routinely ranks near the top of transparency and anti-corruption rankings, and Norway was the first country to get behind the push to curb illicit financial flows.“

Inspired by these events and the current questions pertaining to the future of beneficial ownership, Taxlinked.net chose to host a live panel discussion on the topic.


Beneficial Ownership: A Recent History

http://www.gfintegrity.org/norway-latest-country-to-adopt-public-registry-of-beneficial-ownership/






Our Moderator:

Geraldine represents a Malta-based law firm that provides services to high net worth individuals, corporations, family offices and law firms in Malta, the UK, the US, Switzerland and the Cayman Islands.

Geraldine Noel Acumum - Legal & Advisory



http://taxlinked.net/m/acumum-legal-advisory





Our Panellists:

An independent international think tank that strives to change the way tax havens and financial globalization are handled across the globe.

Alex’s areas of expertise are taxation, horizontal and vertical inequality, and illicit financial flows.

Alex Cobham Director of Research

Tax Justice Network


https://www.taxlinked.net/m/tax-justice-network


Our Panellists:

Organization that aims to curtail anonymous companies, corruption and money laundering.

Besides his work for Global Witness as a policy analyst, Robert has served as Chair and Vice-Chair for the Financial Transparency Coalition, a global network aimed at curbing illicit financial flows and promoting transparency.

Robert Palmer Campaign Leader

Global Witness


http://financialtransparency.org/





https://www.globalwitness.org/


Our Panellists:

An international firm specializing in fiduciary asset ownership, human resource management, asset protection and business structuring based in Malmo, Sweden.

Maxim has more than 13 years of experience in the field, having served various roles in multinational companies such as Coca-Cola HBC, Ernst & Young, Continental Corporation and Intesa Sanpaolo.

Maxim Shvidkiy Managing Director

SHFM Overseas


https://www.taxlinked.net/m/shfm-overseas-sweden-filial


Our Panellists:

Currently, Peter focuses on cross-border tax advice and implementation for global multinational enterprises, owner managed businesses and high net worth individuals including non-domicile and international tax for companies in Brazil, Russia, India, China and South Africa.

Peter Wilson Tax Partner

Simmons Gainsford Global Tax LLP


http://www.sgllp.co.uk/index.htm


A Huge Success! We had plenty of attendees, an inspired panel and discerning

questions submitted by Taxlinked.net members.



Quotes from the Event

"It's important to reflect on power dynamics. Powerful economies should do their share, lead by example.“


"We want to see a world with growth, business, entrepreneurship but with transparency and accountability.“

"We want to close down space in which corrupt & money launderers operate & promote better business environment.“

Robert Palmer @robertnpalmer Global Witness

Alex Cobham @alexcobham Tax Justice Network

Robert Palmer @robertnpalmer Global Witness




http://www.taxjustice.net/




Quotes from the Event

"Having a system that picks up failures to provide good data is a step in the right direction.“


"Professional advisers have an obligation to society to make sure the advice given is in accordance with the law.“

"There is no good business reason to not know who you are doing business with.“

Peter Wilson @SG_GT Simmons Gainsford Global Tax LLP












Here Are Some More Highlights









Thank You!

A heartfelt thank you to the panellists & moderator for sharing their knowledge & passion for this subject.

Also, thank you to all of you who joined us us for the discussion.

See you soon!



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Beneficial Ownership & Transparency: A Live Panel Discussion Presentation