Push ahead with register of foreign owners of UK properties, says Labour
Labour has called on ministers to push through a long-delayed register of foreign owners of UK properties, saying the Pandora papers illustrated the need to crack down on the use of overseas shell companies to obscure the sources of wealth.
Citing the revelations in the vast leak of nearly 12m files detailing offshore structures and trusts in tax havens, reported by the Guardian and others, Pat McFadden, the shadow economic secretary to the Treasury, said changes must be made.
He said the registration of overseas entities bill, which would set up a database of ownership, first published in 2018, should be brought to parliament next month.
Writing in the Guardian, McFadden said the controversy about illicit lobbying by now-resigned Conservative
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