Treasury Secretary Janet Yellen has announced that 100,000 businesses have signed up for a new database of that collects ownership information intended to help unmask shell company owners.
Impose a tax on assets that can only be bypassed by proving ownership. The company would then have to show the ownership trail to the top- a person(s) or a publicly traded company
Ah yes, the classic “create a database and ask criminals to register” maneuver.
Impose a tax on assets that can only be bypassed by proving ownership. The company would then have to show the ownership trail to the top- a person(s) or a publicly traded company
Could just, like, limit businesses owning businesses.
Obligatory reminder that corporations have no inherent right to exist. Incorporation was supposed to be a privilege earned in exchange for providing benefit to the public!