Fully public country-by-country reporting would enable a dramatic shift in the accountability of both multinationals and tax jurisdictions. Estimates of the losses due to tax avoidance imply that lower-income countries would benefit disproportionately, as this transparency would offer powerful...

Individuals and companies are legally able to set up any type of structure they want, from a simple one where the only shareholder of the company is at the same time its beneficial owner to a very complex structure involving many layers spread across several secrecy jurisdictions. While it’s...