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

Year: 2022

Type: Professional Journal

Journal: Tax Notes International

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.

Publication Information

TRR 266 researchers

Yuchen Wu University of St. Gallen

External researchers

Kathy Nicolaou-Manias

Start Page

1283

End Page

1299

Issue Number

Volume Number

105

To cite this article

Nicolaou-Manias, K., & Wu, Y. (2022). Using distributed ledger technologies to improve and maximize the collection of property taxes. Tax Notes International, 105(11), 1283-1299.

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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, Goethe University Frankfurt, University of Cologne and Leibniz University Hannover who share the same research agenda.