Thursday, May 12, 2016

Corruption: Cameron Announces register for foreign companies in the UK on – THE WORLD

Shortly before the start of an international anti-corruption summit in London, the British government announced the creation of a register which in particular money laundering by should reduce real estate for sale in London. Meanwhile, the raw data of the so-called Panama Papers allegations against Australian Prime Minister Malcolm Turnbull were raised after publication. The Panamanian financial firm Mossack Fonseca announced an action for the release of.

Prime Minister David Cameron announced on Thursday the creation of a register for foreign companies that have their in must put ownership in England and Wales open. Accordingly, the name of the real owner must be mentioned, so far mainly occur in the property market capital mostly offshore companies as the owner on.

The new regulation concerns both foreign companies that are already in place as well as those wishing to acquire ownership or strove to government contracts, it said in the in London published Statement. The Register, which next month is to be established, is the first of its kind in the world. The “evils of corruption” is closely linked with the most urgent problems of the world, said Cameron. Therefore, corruption must be fought globally better coordinated.

In London come on Thursday representatives from around 40 countries to the anti-corruption summit together. For Germany is German Justice Minister Heiko Maas (SPD) in part, represented include the United States, Russia and Afghanistan and Nigeria. The International Monetary Fund (IMF), the World Bank and non-governmental organizations participate on invitation Cameron.

The conference will by the will Camerons an international declaration against corruption will be signed. This will require the parties to work together and recognize that corruption undermines the efforts to combat poverty and terrorism.

On the eve of the summit, the IMF published a report what corruption is a heavy burden on the economy. Annually 1.3 to 1.75 trillion euros would thus swallowed, it stated. This corresponds to a weakening of global growth force of around two percent. Corruption befördere tax evasion and thus weakening the capacity of states because tax revenues were missing. Corruption also wear to social inequalities and frighten off investors.

The meeting in London will only approximately one month after the release of “Panama Papers” held , This had been revealed as the based in the Central American country firm Mossack Fonseca top politicians, sports stars and other celebrities helped to avoid taxes. Even Cameron fell because of an interest in the letter box of his father under pressure.

Mossack Fonseca announced Tuesday a lawsuit against the international journalists syndicate ICIJ on. Since criminal investigations ran, the documents should not be accessible to the public. The ICIJ published the raw data of the Panama-papers in an online database on Monday. Then the name of the Australian Government has been discovered in the documents -. As a former director of a shell company in the British Virgin Islands

Turnbull dismissed the allegations at a campaign appearance in Melbourne back. The former banker and multimillionaire said it had given in the process, which is already aware of any “irregularities”. In Australia no taxes were paid because the company had not made any profits. Letterbox companies themselves are not illegal, but they are often of money laundering and tax evasion.

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