Filippo Noseda, Partner in Private Tax and Wealth Structuring team, has written for Oxford University Press discussing independent data querying the effectiveness and safety of various transparency measures (Beneficial Ownership registers and automatic exchange of information), and the repercussions for concerned individuals' fundamental rights to privacy and data protection.
"In less than a decade, the pendulum swerved from absolute secrecy to absolute transparency, with the promise that this would yield more tax and stamp out corruption, which should justify and outweigh any concerns around data privacy and data protection. Save that the reality is a bit more complicated than that." - writes Filippo.
Read the full article here: “Privacy versus transparency: it's time to look at the data" Trusts & Trustees. Trusts & Trustees, 2024, Vol. 30, pp. 1–6.