UK lawmakers to debate new push for transparency in overseas territories

A new measure forcing the UK to demand greater transparency from its overseas territories has won the backing of more than 80 members of Parliament, including a former secretary of state for international development.

A proposed new clause, to be added to the Criminal Finances Bill currently before Parliament, would require the UK government to provide, no later than the end of 2018, “all reasonable assistance” to the governments of the UK’s overseas territories to enable each of them to establish a publicly accessible register of the beneficial ownership of companies registered in its jurisdiction …

Read more: My news story for Tax Analysts, 6 January (paywall).