Cameron demands UK businesses adopt open data practices - ComputerworldUK.com
abernard102@gmail.com 2013-11-01
Summary:
"Prime Minister David Cameron has demanded that businesses adopt open data practices in a bid to remove a ‘cloak of secrecy’ around company ownership.
Speaking at the Open Government Partnership Annual Summit in London, Cameron vowed to extend plans announced at the G8 summit this summer around the creation of a central register of company beneficial ownership. Under the new plans, hundreds of thousands of businesses will be required to provide details of their ultimate owners, as the government seeks to tackle corruption and tax evasion.
If legislation is passed to support the new rules it is likely that companies will face greater requirements around compliance for reporting financial information ..."