Company ownership register to be set up
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Hidden company owners to be revealed

Companies will be forced to list their true owners on a public register in a bid to combat tax evasion and money-laundering, Vince Cable has said.

The business secretary said the list, which could be used by tax authorities, would tackle the "darker side of capitalism".

The plans follow concerns that opaque UK corporate structures can be used to channel or hide illicit funds.

Joe Lynam reports.

  • 21 Apr 2014