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A comment on US passes anti-corruption law that effectively bans anonymous shell companies. Parent comment

Re:US passes anti-corruption law that effectively bans anony... by anonymouse008 on Saturday January 02, 2021 @11:54AM (#25614110)
> Americans using shell companies may evade taxes. Foreign entities using shell companies may evade our counterintelligence.

Americans use incorporated entities to buy assets to limit their personal or corporate liability in operating businesses. This requires all of those to be queried for beneficial ownership - for what reason?

Anonymous Shell corporations is being used synonymously with legitimate holding companies because it markets the cause well - greater tracking on who owns what.

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Re:US passes anti-corruption law that effectively bans anony... by JumpCrisscross on Saturday January 02, 2021 @02:26PM (#25615611)
> greater tracking on who owns what

This is transparently the intent of the bill.

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Re:US passes anti-corruption law that effectively bans anony... by eli_gottlieb on Saturday January 02, 2021 @07:04PM (#25617946)
God forbid the government charged with enforcing property law know who owns what!
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Re:US passes anti-corruption law that effectively bans anony... by anonymouse008 on Sunday January 03, 2021 @12:29AM (#25619749)
Public Courts are so good we chose to use private arbitration!
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Re:US passes anti-corruption law that effectively bans anony... by eli_gottlieb on Sunday January 03, 2021 @08:21PM (#25626982)
You're ultimately still relying on the public men-with-guns to enforce anything binding, so suck it up and get back in the public courts.
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Re:US passes anti-corruption law that effectively bans anony... by anonymouse008 on Monday January 04, 2021 @01:35PM (#25635857)
That’s quite a large assumption on who would win those battles - and further how they really have to be enforced - pen mightier than the sword, or some such.

Btw - fun ‘spar.’ I respect your thinking, just disagree slightly

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