The concept of limited liability, which protects shareholders, \u201cis one of the greatest wealth-creating inventions of all time.\u201d In many places, however, companies can be set up to hide or disguise the ultimate owners. \u201cThis is of great use to wrongdoers, and a huge headache for those who pursue them.\u201d Both the World Bank and the OECD argue that the identities of owners should be disclosed. The Economist agrees. \u201cAnyone registering a limited company should have to declare the names of the real people who ultimately own it, wherever they are, and report any changes. Lying about this should be a crime.\u201d<\/p>\n
The concept of limited liability, which protects shareholders, \u201cis one of the greatest wealth-creating inventions of all time.\u201d In many places, however, companies can be set up to hide or disguise the ultimate owners. \u201cThis is of great use to wrongdoers, and a huge headache for those who pursue them.\u201d Both the World Bank and the OECD argue that the identities of owners should be disclosed. The Economist agrees. \u201cAnyone registering a limited company should have to declare the names of the real people who ultimately own it, wherever they are, and report any changes. Lying about this should be a crime.\u201d<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The concept of limited liability, which protects shareholders, \u201cis one of the greatest wealth-creating inventions of all time.\u201d In many places, however, companies can be set up to hide or disguise the ultimate owners. \u201cThis is of great use to wrongdoers, and a huge headache for those who pursue them.\u201d Both the World Bank and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1086,1085,986,1087,200,603,719],"class_list":["post-1047","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-corporations","tag-limited-liability","tag-oecd","tag-owners","tag-shareholders","tag-transparency","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/1047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1047"}],"version-history":[{"count":1,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/1047\/revisions"}],"predecessor-version":[{"id":1050,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/1047\/revisions\/1050"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}