Warren Plans to Crack Down on U.S. Shell Companies, Tax Evasion
- She says that accountability can stem the flow of dark money
- Her plan also seeks to establish global financial transparency
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Elizabeth Warren says she would make tackling financial corruption a worldwide effort if elected president, announcing a new set of policy proposals Tuesday that would crack down on offshore companies and tax evasion to end “the flow of dark money” around the world.
In a Medium published on Tuesday morning, Warren, a Democratic presidential candidate, argued that establishing a shell company to launder money is “easier than getting a library card” in some U.S. states. She would encourage Congress to increase oversight for shell companies, including a requirement that “every legal entity created across the country” disclose information about the beneficial ownership of the business.