Eversheds Sutherland Tax Reform Law Blog
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Tides of Change: Senators Introduce Bill to Increase Transparency of U.S. Corporate Ownership

In an effort to increase transparency and combat tax evasion, Senators Charles Grassley (R-IA) and Carl Levin (D-MI) introduced legislation on August 1 that would require states to obtain the identities of individuals who organize corporations and other business entities under their laws.  Sen. Grassley is ranking member of the Senate Judiciary Committee and a past chairman of the...

Tides of Change: British Virgin Islands Releases Action Plan to Prevent Misuse of Legal Persons and Legal Arrangements

On July 5, the British Virgin Islands (BVI) released an action plan aimed at preventing the misuse of its financial system by supporting the development and implementation of international standards against the misuse of legal persons and legal arrangements. The action plan is built on the BVI government’s recognition of the need to build international standards applicable to all...

Tides of Change: Cayman Islands Announces Action Plan to Fight Tax Evasion

On the heels of a pledge made by the leaders of the G-8 to curb cross-border abuses, the Cayman Islands government announced a new action plan on June 18 to fight tax evasion, including renewed scrutiny of (i) the beneficial ownership of companies organized in the Caymans, (ii) the use of bearer shares, and (iii) the financial sector. The Cayman Islands government said in a statement...