Using blockchain for transparent beneficial ownership registers

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Using blockchain for transparent beneficial ownership registers

May 30, 2017
blockchain

The OECD and the Financial Action Task Force (FATF) are considering how to improve implementation of the international standards on transparency, including on the availability of beneficial ownership information and its international exchange. Julia de Jong, Alexander Meyer, and Jeffrey Owens of the Global Tax Policy Centre at the Institute of Austrian and International Tax Law within the Vienna University of Economics and Business explore how blockchain technology could be used to achieve this goal.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

PolandPortugalPhilippinesQatarUnited StatesOmanParaguayPeruPakistanPanamaSloveniaArmeniaSouth AfricaSingaporeAntigua and BarbudaSlovak RepublicArgentinaAustraliaRomaniaAlbaniaRussiaAngolaSerbiaAlgeriaSan MarinoSaudi ArabiaAndorraMonacoMauritiusMexicoMoroccoMongoliaMontenegroMaltaMalaysiaNigeriaNetherlands AntillesNew ZealandFeatureNorwayMyanmarNetherlandsMozambiqueLatviaKuwaitLaosLithuaniaLuxembourgLebanonLiechtensteinKenyaKosovoIsraelItalyIsle of ManJerseyJordanJamaicaJapanKazakhstanGlobalNorth MacedoniaGibraltarGreeceGeorgiaGermanyGuernseyGulf Cooperation CouncilGreenlandGuatemalaHong Kong SARIndiaIndonesiaHungaryIcelandIrelandIranIraqCubaCuraçaoChileChadCosta RicaCroatiaChinaColombiaCompliance ManagementFranceDenmarkEcuadorCyprusCzech RepublicEuropean UnionFinlandEgyptEstoniaTunisiaBelizeTanzaniaBarbadosThailandBelgiumAustriaSpainSri LankaAzerbaijanSouth KoreaSwitzerlandBahrainBangladeshTaiwanSwedenBahamasVenezuelaCanadaVietnamCayman IslandsBoliviaUgandaBosnia and HerzegovinaTurkeyUnited Arab EmiratesBermudaBulgariaCambodiaUruguayUnited KingdomBrazilUkraineBritish Virgin IslandsITR MagazineJune 2017AfricaAsia-PacificEuropeLatin America and Caribbean Middle EastCentral America
more across site & bottom lb ros

More from across our site

Indirect Tax
OECD image.jpg
Average global tax revenues flat but VAT takings rise: OECD
Luxembourg saw the highest increase in tax-to-GDP ratio out of OECD countries in 2023, according to the organisation’s new Revenue Statistics report
Tom Baker, November 21, 2024
Direct Tax
suzanne den breems resized.jpg
Five minutes with…Suzanne den Breems, Ryan
Ryan’s VAT practice leader for Europe tells ITR about promoting kindness, playing the violincello and why tax being boring is a ‘ridiculous’ idea
November 21, 2024
Direct Tax
Eyeglasses and calculator close-up and tired accountant woman making marks in paper documents with modern laptop sitting background next bright daylight window. Business, home finances money savings
Overcoming pillar two preparation fatigue
Technology is on the way to relieve tax advisers tired by onerous pillar two preparations, says Russell Gammon of Tax Systems
Russell Gammon, November 20, 2024
Transfer Pricing
italy.jpg
OECD statistics for Italy show TP dispute proactiveness: experts
A high number of granted APAs demonstrates the Italian tax authorities' commitment to resolving TP issues proactively, experts say
Sam Sholli, November 20, 2024
Direct Tax
Valletta, Malta: skyline from Marsans Harbour at sunset
IMF recommends Malta speeds up pillar two implementation
Malta risks ceding tax revenues to jurisdictions that adopt the global minimum tax sooner, the IMF said
Tom Baker, November 19, 2024
Direct Tax
Tax haven
$492bn lost in tax revenues to havens each year: report
The UK and what has been dubbed its ‘second empire’ have been found to be responsible for 26% of all countries’ tax losses by the Tax Justice Network
Sam Sholli, November 19, 2024
Direct Tax
1024px-Donald_Trump_(53911666084).jpg
Potential Trump corporate tax rate cut could threaten Ireland: experts
Ireland offers more than just its competitive corporate tax environment but a reduction in the US rate under a Trump administration could affect the country, experts tell ITR
Sam Sholli, November 18, 2024
Direct Tax
Oslo, Norway - 24 September 2022: PricewaterhouseCoopers or PWC
PwC Australia barred from government contracts for further six months
The ‘big four’ firm was originally prohibited from tendering for government work until December 1 due to its tax leaks scandal, but ongoing investigations into the matter have seen the date extended
Tom Ravlic, November 18, 2024
Transfer Pricing
OECD image.jpg
OECD statistics show record number of closed MAP cases
Approximately 74% of MAP cases in 2023 reached a full resolution, but new transfer pricing MAP cases fell by 16%
Sam Sholli, November 15, 2024
Direct Tax
Aerial view of Christ and Botafogo Bay from high angle.
This week in tax: Brazil extends pillar two consultation deadline
Brazil is looking to impose the OECD’s 15% global minimum tax on multinationals; in other news, PwC is set to pull out of Fiji
Sam Sholli, November 15, 2024
Gift this article