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There are rules nearly worldwide about the "UBO" (Ultimate Business Ownership). Then tere are technicalities depending on whether you own 50%+ or 51%+, or 25%,
by TacticalCoder 5y ago
There 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.