Thursday, March 05, 2015

Nemtsov Act

Perhaps a “Nemtsov Act” might be a good place to begin.
Here are five rules for starters:
::Make it illegal to own property in the name of a foreign company, or at least make it compulsory to list the beneficial owners of those companies. Preferably, the list of owners should be free and open to the public to see. If this is seen as too much of an infringement on the liberty of billionaires, the list should at least be available to the police. Transparency International has a report out this week highlighting the extent of corrupt money flooding into UK property. It says any foreign company intending to held a property title in the UK should be held to the same standards of transparency as UK companies. Such moves should be enacted in a Nemtsov Act.