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Here in Belgium, companies have to declare beneficiaries to the state and keep that information up-to-date.
by sam_lowry_ 5y ago
Here in Belgium, companies have to declare beneficiaries to the state and keep that information up-to-date.
- csomar 5y agoI think it's becoming a worldwide thing now and tax-heavens will soon have to catch up to that.
- TacticalCoder 5y agoThere are rules nearly worldwide about the "UBO" (Ultimate Business Ownership). Then tere are technicalities depending on whether you own 50%+ or 51%+, or 25%, or 24% or less to determine if you're the UBO. I have no problem with the state of a shareholder being aware that he has share this or there. But only as long as it's just the state for taxation purposes and nobody else (it shouldn't be the business of journalists and kidnappers to know who's wealthy or not). I also have no problem with people creating offshore companies where they're treated best, as long as it's done legally.
- miohtama 5y ago25% UBO declaration was part of the EU Anti-money Laundering Directive 5.