German minister announces new rules against offshore companies


BERLIN (Reuters) - Germany plans to introduce a new national transparency register to make offshore companies disclose their owners' identity, as part of the fight against tax evasion and the financing of terrorism, German Justice Minister Heiko Maas said on Tuesday.

The leak of the "Panama Papers" - four decades worth of documents from a Panamanian law firm that set up offshore companies - has triggered renewed calls for tougher action against tax abuse.

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