Government must legislate on hidden company ownerships
Submitted by ACTNOW on Tue, 18/02/2020 - 04:40The latest corruption scandal involving a government Minister and a foreign oil company emphasises once again the need for the government to legislate on hidden or ‘beneficial’ company ownerships says ACT NOW.
“Allowing people to register a company without revealing who are the real owners or beneficiaries creates a massive information vacuum that enables corruption and tax evasion to happen right under our noses” says Campaign Manager Eddie Tanago.