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Beneficial Ownership

EDM number 584 in 2013-14, proposed by Martin Horwood on 16/10/2013.
Categorised under the topics of Companies, Regulation and Taxation.

That this House calls on the Government to set up a public registry of real beneficial owners of all UK companies and trusts, to support the establishment of public registries at an EU level and to use its influence to ensure that British Overseas Territories and Crown Dependencies adopt public registries of beneficial ownership; notes that the Government made key commitments to improving transparency and information on company ownership at the G8, with the Prime Minister making it clear he publicly supports public registries; further notes, however, that many of the G8 commitments have yet to be realised; observes that illicit financial flows driven by tax avoidance and evasion see US$850 billion a year leave developing countries, depriving those countries of vital capital and revenues; observes further that tax avoidance and evasion, and corruption, from and in developing countries is often facilitated by shell companies registered in both the UK and offshore financial centres, such as those in the British Overseas Territories and Crown Dependencies; and believes that public registries of the real, beneficial owners of companies and trusts would allow governments and civil society in developing countries to identify those profiting from tax evasion, corruption and sharp commercial practices, hold them to account and also deter such practices from ever happening.

This motion has been signed by a total of 27 MPs.

MPDateConstituencyPartyType
Martin Horwood16/10/2013CheltenhamLiberal DemocratProposed
Peter Bottomley16/10/2013Worthing WestConservativeSeconded
Fiona O'Donnell16/10/2013East LothianLabourSeconded
Paul Blomfield16/10/2013Sheffield CentralLabourSeconded
Mark Durkan16/10/2013FoyleSocial Democratic and Labour PartySeconded
Andrew George17/10/2013St IvesLiberal DemocratSeconded
Alan Meale17/10/2013MansfieldLabourSigned
Jeremy Corbyn17/10/2013Islington NorthLabourSigned
Mike Hancock21/10/2013Portsmouth SouthLiberal DemocratSigned
Jim Shannon22/10/2013StrangfordDUPSigned
Adrian Sanders22/10/2013TorbayLiberal DemocratSigned
George Howarth22/10/2013KnowsleyLabourSigned
John McDonnell23/10/2013Hayes and HarlingtonLabourSigned
Gerald Kaufman23/10/2013Manchester, GortonLabourSigned
David Simpson23/10/2013Upper BannDUPSigned
Virendra Sharma23/10/2013Ealing, SouthallLabourSigned
Andrew Stunell24/10/2013Hazel GroveLiberal DemocratSigned
Kelvin Hopkins24/10/2013Luton NorthLabourSigned
Greg Mulholland24/10/2013Leeds North WestLiberal DemocratSigned
William McCrea28/10/2013South AntrimDUPSigned
Katy Clark28/10/2013North Ayrshire and ArranLabourSigned
Roger Godsiff29/10/2013Birmingham, Hall GreenLabourSigned
John Leech31/10/2013Manchester, WithingtonLiberal DemocratSigned
Naomi Long11/11/2013Belfast EastAllianceSigned
Lady Hermon18/11/2013North DownIndependentSigned
John Hemming27/11/2013Birmingham, YardleyLiberal DemocratSigned
Alex Cunningham05/12/2013Stockton NorthLabourSigned

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