Thursday 22 March 2018 / 1:16 PM Peter Dowd

Government finally seeing the light by accepting Labour’s calls for a register of beneficial ownership – Dowd

Peter Dowd MP, Labour’s Shadow Chief Secretary to the Treasury, commenting on the Government’s confirmation that they will bring in draft legislation to introduce a UK register of beneficial ownership, said:

“We are glad the Government is finally seeing the light and has accepted Labour’s calls for a register of beneficial ownership.

“While the Government’s Damascene conversion on the case for public registers is an important step, it must be followed through with meaningful action to tackle the scourge of tax avoidance through the introduction of a full public register of offshore trusts in UK Overseas Territories and Crown Dependencies.

“Labour is calling on the Government to go further and adopt our Tax Transparency and Enforcement Programme in full. It is the only way to ensure that everyone pays their fair share and we finally have a tax system that works for the many, not the few.”