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EU elected representatives want better governance of asset managers

Following an in-depth investigation of the tax fraud which was unveiled in the Panama papers, the EU Parliament’s Tax Commission will now keep an EU registry of owners of trust funds and asset management units and monitor them much closer.

Photo: Harald Pettersen

BRUSSELS

The European Parliament's Special Tax Cuts Committee, founded after last year's leaked Panama paper case, passed its report last Wednesday, revealing that the EU's elected representatives demand more regulation for asset managers.

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