Have you ever wondered who the main owners of certain building, road works and other companies that secure a majority of Governments contracts on Jersey?
It may be that they are just more professional, faster and cheaper than the competition. It could be that the owners of the company are relatives, spouses, wealthy civil servants or sitting States members.
Change is in the air for transparency, because coming down the track is a planned register in the UK and Jersey and the CI’s will have little reason not to follow suit or stay secret and be criticized.
The answer to any companies re-registering in countries that sell secrecy, Switzerland, or the Cayman islands is to simply exclude them from contracts by law.
The government will announce that a planned register setting out the true owners of companies will be open to the public for scrutiny, not just the tax authorities, in a continuing effort to deter tax evasion.
He is expected to say: "For too long a small minority have hidden their business dealings behind a complicated web of shell.
companies – and this cloak of secrecy has fuelled all manners of questionable practice and downright illegality.http://www.theguardian.com/business/2013/oct/31/public-register-firms-secret-owners-cameron