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Views on beneficial ownership wanted

Treasury Minister Eddie Teare

Should the Isle of Man introduce a new regime to identify the beneficial ownership of companies?

The idea has gone out for consultation - it's about whether or not the owners of companies should be made to disclose information publicly at a centralised registry. 
 
Phillip Dearden is the director of accountancy firm Equiom. Speaking for the private sector he says it's not the best of ideas: 
 
 
Treasury Minister Eddie Teare says it's part of the G8 Action Plan, but won't go ahead on the Island if the rest of the world isn't happy to do the same: 
 

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