Earlier this year, UK lawmakers rejected an amendment that would have introduced public a beneficial ownership register for companies in the crown dependencies, namely Jersey and Guernsey.
Meanwhile, Britain’s opposition Labour Party has unveiled its strategy for tackling tax avoidance, if it is elected into government on 8 June.
This includes proposals to review trusts and introduce a public register of trust assets and beneficiaries as well as introducing a tax on property held in overseas trusts.
