Beneficial ownership and climate crimes: A fishy business
The sooner climate and tax justice activists unite and demand beneficial ownership transparency, writes Matti Kohonen for the Tax Justice Network, the more urgently we can put an end to escalating climate crimes like illicit fishing and logging. “These environmental crimes not only threaten the capacity of our carbon sinks to absorb greenhouse gases, they generate profits that result in illicit financial flows: a form of illegal capital flight that occurs when money is illegally earned, transferred, or spent.”