Yellen says 100,000 firms have joined a business database aimed at unmasking shell company owners
https://apnews.com/article/sanctions-yellen-financial-crime-transparency-shell-companies-c59f0530958ca12296dfc4d509f5c45bOpen linkView original on mander.xyz218
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It should not be possible for the owner of a company to be impossible to suss out by the fucking government. Like how is that a thing?
laissez faire capitalism aka the libertarian wet dream
Ah yes, the classic "create a database and ask criminals to register" maneuver.
Impose a tax on assets that can only be bypassed by proving ownership. The company would then have to show the ownership trail to the top- a person(s) or a publicly traded company
Could just, like, limit businesses owning businesses.
Obligatory reminder that corporations have no inherent right to exist. Incorporation was supposed to be a privilege earned in exchange for providing benefit to the public!
I see a million articles on here a day about how AI is figuring all sorts of stuff out... Can we get it on this?
Not really a monetizable model there really. Unless you wanna blackmail them? Tho I guess you could sell it to the government? Idk.
It’s possible, just not in an oligarchy
Will the real limpbisket owner please stan up!
It's slim shady!
Gettim!
Spoiler alert: its all the same couple people
Yellen gets paid many times more than her government salary by these same companies to speak in a zoom call for 30 minutes
She’s so stupid.
Care to articulate on that?
Stupid like Trump or "stupid" like AOC?
Like trump. A clueless out of touch old bag thinking 50 year old monetary policies are still going to work.
Nah, she knows exactly what she's doing. She's not stupid, she's a piece of shit.
Found a shell company owner.
So y'all don't believe she knows full well that this database of self-reporting will amount to nothing?
The self-reporting is mandatory. It doesn't take much imagination to see how it could be useful for prosecuting people using shell companies to commit financial crimes.