by Daily Bell Staff
The Daily Bell
The world is dotted with states and territories that make a specialty of providing services whose purpose is to facilitate ways to hide assets … Not all of what they do is illegal but so much of it is that the whole system needs changing. – Transparency International Press Release
The so-called Panama Papers stolen from the Mossack Fonseca law firm specializing in shell companies has caused Transparency International to issue a press release listing three steps “to stop secret companies.”
We’d rather stop Transparency International.
This outfit, the largest entity of its kind with over 100 chapters around the world, is determined to create an international registry that will list the “beneficial ownership” of all controlling legal entities. If you want to affix your name to a document asserting ownership of assets, be prepared to have that ownership revealed.