Heavyweight economists demand a global register to stop the wealthiest depriving countries of what they owe
– have highlighted the activities of wealthy individuals and companies, and their use of offshore tax havens. However, despite the resulting pressure on governments to take tougher action on tax, activists say little progress has been made to crack down on their use.
These would be linked to their actual, beneficial owners, who may be different to their legal owners. The economists said a global asset registry that detailed what was owned where and by whom would enable countries to record and analyse wealth and inequality and would lead to greater enforcement of tax laws while hindering those who wanted to pursue illicit activities.leaders to convene an urgent international summit to implement such a system and discuss offshore wealth and tax havens.
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