Reaction: Delay to transparency in UK tax havens

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Commenting on reports that the government has delayed plans to require British overseas territories to bring in public registers of company ownership to 2023, instead of by 2020, Oxfam head of inequality Ana Caistor Arendar said:

“This delay would mean that British overseas territories remain central players in the murky world of tax avoidance which sees developing countries lose more than $100 billion a year.

“Transparency is needed sooner not later to help countries rich and poor claim the revenue they’re rightfully owed, which could be used to fight poverty and provide vital healthcare and education.”

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