We need this to be done in Puerto Rico! I not only know that Puero Rico, USA is used as an offshore banking, we believe the local wealthy might have found a loophole to benefit from this same privilege. Therefore only the poor and the honest in PR pay taxes. IRS should force PR government to make public who benefits from this outrageous privilege!
The UK government announced it will force its overseas territories to have public ownership registers.
LATEST ON PANAMA PAPERS
May 2, 2018
As ICIJ’s director I am incredibly proud to share with you news from the United Kingdom today that shows how our work makes a difference.
More than two years after we released the Panama Papers, the UK government announced it will force its overseas territories, such as the British Virgin Islands (BVI) and the Cayman Islands, to have public ownership registers. This means, the owners of companies in these territories will be revealed. As you may remember from our reporting at the time, the BVI was one of the most frequently used tax havens by Mossack Fonseca, the firm at the heart of the Panama Papers.