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VARIETY OF THE BENEFICIAL OWNERSHIP CONCEPT

by | Jan 14, 2020 | DOI 2018

Sonja Cindori
Faculty of law, University of Zagreb,  Zagreb, Croatia
Toni Janković
Ministry of finance, Tax administration, Split, Croatia
DOI: https://doi.org/10.31410/eraz.2018.310

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4th International Conference – ERAZ 2018 – KNOWLEDGE BASED SUSTAINABLE ECONOMIC DEVELOPMENT, Sofia- Bulgaria, June 7, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia;  Faculty of Business Studies, Mediterranean University – Podgorica, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia, ISBN 978-86-80194-12-7

Abstract

Individuals involved in money laundering procedures are trying to take advantage of complex corporate structures in an international context in order to disguise their true identity. Consequently, the EU Member States endeavour to ensure that entities established in their national territory have access to up-to-date information regarding a natural person who is the ultimate owner or controls the company for the purpose of obstructing the misuse of legal persons for criminal activities. Similar structures can also be used by individuals to gain the benefit of taxation which they are not otherwise eligible for, using treaty or directive shopping. 

Key words

beneficial owner, tax, evasion, avoidance, money laundering, register  

References

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