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Protests in Iceland following the Panama leaks ended with the prime minister's resignation. (Photo: Art Bicnick)

EU states set to oppose tax transparency bid

EU states are moving to oppose an EU commission tax transparency plan despite public backlash against wealthy people hiding their money in secret offshore accounts.

Diplomats on Tuesday (20 December) plan to drop proposals to grant public access to registers that reveal the true owners of businesses and trusts.

The registers are part of a larger transparency drive to shed light on tax dodging schemes that cost national coffers in t...

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