Using distributed ledger technologies to improve and maximize the collection of property taxes

Abstract

Transparency regarding the beneficial ownership of legal entities means disclosing information on the true, natural, or human owners of all corporations and other legal entities. Concealment of beneficial ownership is a significant vulnerability for illicit financial flows (IFFs) — such as tax evasion, money laundering, terror financing, and corruption. Schemes designed to obscure beneficial ownership, including ownership by politically exposed persons (PEPs), often employ a “hide in plain sight” strategy, leveraging global trade and commercial infrastructures to appear legitimate. Many of the tools exploited in the process are designed to encourage business growth and development, such as limited liability corporations and nominee directorship services.

Participating Institutions

TRR 266‘s main locations are Paderborn University (Coordinating University), HU Berlin, and University of Mannheim. All three locations have been centers for accounting and tax research for many years. They are joined by researchers from LMU Munich, Frankfurt School of Finance and Management, WHU – Otto Beisheim School of Management, ESMT Berlin, Goethe University Frankfurt and Carl von Ossietzky University Oldenburg who share the same research agenda.