Tax campaigners criticised a lack of progress on setting a timeline for the UK’s overseas territories to make registers of beneficial ownership public, after a London summit failed to produce new commitments on transparency. But Theresa May is determined to pursue her predecessor David Cameron’s efforts to secure public registers, a government minister told members of Parliament.
BVI premier Orlando Smith said the annual ministerial meeting between the UK and the overseas territories, held at the Foreign & Commonwealth Office on November 1 and 2, was “very cordial,” the Financial Times reported.
Christian Aid joined ActionAid and Global Witness in expressing disappointment that “the UK’s tax havens remain stubbornly resistant to following the lead on transparency set by the UK itself.”
Read more: My news story for Tax Analysts, 11 November (paywall).