FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3154867122> ?p ?o ?g. }

• W3154867122 abstract "…Establishing a shell company to launder money is easier than getting a library card. - Elizabeth Warren 2019 was a significant year for tax transparency in the United States and around the world. As the 2020 election cycle continues, the subject of tax transparency has earned significant media attention after being pushed to the political foreground yet again. However, this rhetoric is just the latest attempt to focus on the shady business activities of opaque entities known as Limited Liability Companies or LLCs. In 2016, the International Consortium of Investigative Journalists (ICIJ) published an explosive report detailing financial and attorney-client information for 214,488 offshore entities. What became known as the was a thorough report focusing on the practices of Panamanian law firm, Mossack Fonseca, which had orchestrated the use of offshore entities so the world's rich and powerful could hide assets, avoid taxes and circumvent laws. As a result, the secrets of the international offshoring industry became public knowledge for the first time in history. Since then, governments around the world have been announcing stronger anti-avoidance efforts to disclose the beneficial owners of financial assets. While beneficial ownership information is relevant to a variety of assets, recent policy attention has focused on the beneficial ownership of companies, and in particular, the use of shell companies to anonymously purchase assets and move money. Today, the Financial Action Task Force (FATF) estimates that there are roughly thirty million legal currently registered in the United States. Approximately two million are being created each year for a host of strategic legal, tax or financial reasons. Although regulatory efforts have been ongoing for several years, the Panama Papers scandal has motivated the U.S. government to recently act to address the alleged attempts by non-U.S. persons to launder the proceeds of illegal activities through U.S. financial transactions. Recent legislation, including the Corporate Transparency Act, and a sister bill currently under consideration in the Senate, are designed to disclose beneficial ownership so that shell corporations are incapable of being used for illegal offshore financing activities, money laundering and tax avoidance. Part I of this Note examines the most recent legislative attempts to disclose beneficial ownership information of LLCs and the historical, political and developments that have shaped these decisions. This will require a discussion of the regulatory developments in the United States and around the world with respect to shell corporations, tax transparency and enforcement. In addition, it examines the practical impact that the Corporate Transparency Act or similar beneficial ownership legislation will have on businesses. Finally, Part II this Note proposes a bold, forward-thinking solution reduce money laundering, fraud and abuse by utilizing block-chain technology to prevent burdening the market with more senseless regulation that fails to adequately address the problem. Namely, it analyzes block-chain's value in building more efficient auditing, record keeping, compliance and beneficial ownership infrastructure." @default.
• W3154867122 created "2021-04-26" @default.
• W3154867122 creator A5034470116 @default.
• W3154867122 date "2020-03-17" @default.
• W3154867122 modified "2023-09-28" @default.
• W3154867122 title "A Modern Approach to Global Tax Transparency and Beneficial Ownership Registers: Forget Sunlight, Is Blockchain the Best Disinfectant?" @default.
• W3154867122 hasPublicationYear "2020" @default.
• W3154867122 type Work @default.
• W3154867122 sameAs 3154867122 @default.
• W3154867122 citedByCount "0" @default.
• W3154867122 crossrefType "posted-content" @default.
• W3154867122 hasAuthorship W3154867122A5034470116 @default.
• W3154867122 hasConcept C10138342 @default.
• W3154867122 hasConcept C144133560 @default.
• W3154867122 hasConcept C17744445 @default.
• W3154867122 hasConcept C199539241 @default.
• W3154867122 hasConcept C2780233690 @default.
• W3154867122 hasConcept C2780313560 @default.
• W3154867122 hasConcept C34974158 @default.
• W3154867122 hasConcept C51303962 @default.
• W3154867122 hasConcept C514942387 @default.
• W3154867122 hasConcept C94625758 @default.
• W3154867122 hasConceptScore W3154867122C10138342 @default.
• W3154867122 hasConceptScore W3154867122C144133560 @default.
• W3154867122 hasConceptScore W3154867122C17744445 @default.
• W3154867122 hasConceptScore W3154867122C199539241 @default.
• W3154867122 hasConceptScore W3154867122C2780233690 @default.
• W3154867122 hasConceptScore W3154867122C2780313560 @default.
• W3154867122 hasConceptScore W3154867122C34974158 @default.
• W3154867122 hasConceptScore W3154867122C51303962 @default.
• W3154867122 hasConceptScore W3154867122C514942387 @default.
• W3154867122 hasConceptScore W3154867122C94625758 @default.
• W3154867122 hasLocation W31548671221 @default.
• W3154867122 hasOpenAccess W3154867122 @default.
• W3154867122 hasPrimaryLocation W31548671221 @default.
• W3154867122 hasRelatedWork W115366398 @default.
• W3154867122 hasRelatedWork W1451810925 @default.
• W3154867122 hasRelatedWork W1531238153 @default.
• W3154867122 hasRelatedWork W1551704306 @default.
• W3154867122 hasRelatedWork W1588507705 @default.
• W3154867122 hasRelatedWork W1879582381 @default.
• W3154867122 hasRelatedWork W2150795903 @default.
• W3154867122 hasRelatedWork W2253313884 @default.
• W3154867122 hasRelatedWork W2603668293 @default.
• W3154867122 hasRelatedWork W2606982126 @default.
• W3154867122 hasRelatedWork W2944482525 @default.
• W3154867122 hasRelatedWork W2952334710 @default.
• W3154867122 hasRelatedWork W2973112479 @default.
• W3154867122 hasRelatedWork W2999403196 @default.
• W3154867122 hasRelatedWork W3123322610 @default.
• W3154867122 hasRelatedWork W3123546987 @default.
• W3154867122 hasRelatedWork W3123700085 @default.
• W3154867122 hasRelatedWork W3133070500 @default.
• W3154867122 hasRelatedWork W845919788 @default.
• W3154867122 hasRelatedWork W3124222850 @default.
• W3154867122 isParatext "false" @default.
• W3154867122 isRetracted "false" @default.
• W3154867122 magId "3154867122" @default.
• W3154867122 workType "article" @default.