Tax and beneficial ownership transparency regimes result in substantial costs and risks for many law-abiding individuals, family trusts, and private investment vehicles. Such parties suffer from direct and indirect costs, legal uncertainties, and risks to their privacy. To reduce these costs and risks, the paper presented in this talk (co-authored by Philip Marcovici and Noam Noked) develops a proposal for a voluntary program which draws upon cooperative compliance programs such as the International Compliance Assurance Programme. Under the proposed program, the authorities of the relevant jurisdictions would determine on a joint basis whether the participants are in full compliance with their tax obligations and whether there are any money laundering concerns. The proposed program would ensure the participants’ compliance while reducing the costs and risks for the participants and the relevant governmental authorities.

About the speaker: Prof. Noam Noked

Register here by 12 noon, 3 November 2020 to attend the event.