Musk scorned “shady” loopholes, yet offshore tax tricks likely saved Tesla hundreds of millions When Tesla released its annual report for U.S. regulators in January, the Texas-based automaker, led by the world’s richest man, reported a federal tax bill of zero dollars for 2025.

Brilliant @reuters.com investigation reveals that $18bn of profit-shifting to the Netherlands and Singapore reduced Tesla's tax obligations by c. US$400m. www.reuters.com/legal/transa...

Moody's has started making its research, entity data and news available through a dedicated agent in Microsoft 365 AI Copilot tools www.moodys.com/web/en/us/me...

GitHub - StephenAbbott/bods-xml: Convert Beneficial Ownership Data Standard (BODS) v0.4 JSON to XML Convert Beneficial Ownership Data Standard (BODS) v0.4 JSON to XML - StephenAbbott/bods-xml

Transforming standardised beneficial ownership data into usable formats with the Beneficial Ownership Data Standard

1) BODS to XML
github.com/StephenAbbot...

2) BODS to Lance
github.com/StephenAbbot...

3) BODS for GQL
github.com/StephenAbbot...

#beneficialownership #openstandards #UBO

Have you seen this bill which is under consideration, @digiphile.bsky.social? bsky.app/profile/step...

The Scam Crisis Will Do What Years of Reform Could Not The scam crisis has shifted the global conversation. Here's what two major international summits revealed about the real barrier to stopping financial crime.

"The answer to scammer arbitrage isn't more summits – it's interoperable data standards that allow financial intelligence to travel across borders as fast as criminal proceeds do" -
Matthew Van Buskirk of Hummingbird

www.hummingbird.co/resources/sc...

"𝐎𝐯𝐞𝐫𝐬𝐞𝐚𝐬 𝐭𝐞𝐫𝐫𝐢𝐭𝐨𝐫𝐢𝐞𝐬 𝐟𝐥𝐲𝐢𝐧𝐠 𝐨𝐮𝐫 𝐟𝐥𝐚𝐠, 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐊𝐢𝐧𝐠 𝐚𝐬 𝐡𝐞𝐚𝐝 𝐨𝐟 𝐬𝐭𝐚𝐭𝐞, 𝐩𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐧𝐠 𝐭𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐚𝐧𝐝 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐟𝐨𝐫 𝐛𝐢𝐥𝐥𝐢𝐨𝐧𝐬 𝐨𝐟 𝐩𝐨𝐮𝐧𝐝𝐬 𝐨𝐟 𝐢𝐥𝐥𝐢𝐜𝐢𝐭 𝐟𝐢𝐧𝐚𝐧𝐜𝐞."👇

Response to EU Shareholder Rights Directive consultation | Stephen Abbott Pugh The EU's Shareholder Rights Directive (SRD II) should adopt BODS as the common data format for shareholder, nominee and corporate ownership information across the Single Market https://lnkd.in/eKJsgZm...

Why the EU's Shareholder Rights Directive (SRD II) should adopt BODS as the common data format for shareholder, nominee and corporate ownership information across the Single Market

www.linkedin.com/posts/stephe...

#beneficialownership #openstandards #UBO #AMLR #opensource

H.R. 425 - aka the Repealing Big Brother Overreach Act - which seeks to repeal the Corporate Transparency Act

Today the US Committee on Financial Services will consider H.R. 425 - aka the Repealing Big Brother Overreach Act - which seeks to repeal the Corporate Transparency Act

www.congress.gov/bill/119th-c...

#beneficialownership #FATF #UBO #AML

EITI Progress Report 2025 Our flagship report highlights how EITI implementation drives progress across its strategic priorities.

"Beneficial ownership transparency remains one of the most effective tools for preventing corruption in the extractive sector" - @eitiorg.bsky.social

Learn about international changes by reading the EITI 2025 progress report eiti.org/eiti-progres...

#beneficialownership #OpeningExtractives

The next dividing line in digital government will not be who uses AI the most. It will be who can make data use transparent, governable, and institutionally manageable at scale. That is why one of… |... The next dividing line in digital government will not be who uses AI the most. It will be who can make data use transparent, governable, and institutionally manageable at scale. That is why one of th...

“The next dividing line in digital government will not be who uses AI the most. It will be who can make data use transparent, governable, and institutionally manageable at scale” - Estonia government chief data officer

www.linkedin.com/posts/ott-ve...

Understanding and using Climate TRACE ownership data for emitting assets Learn about Climate TRACE’s ownership data coverage across sectors, subsectors, and assets — including how to access and download data for direct, intermediate, and parent owners of emitting assets.

Who actually controls the world’s emitting infrastructure?

Complicated ownership chains often obscure responsibility for emissions. Climate TRACE + @GlobalEnergyMon.bsky.social are breaking these barriers by linking emitting assets to their owners. climatetrace.org/news/underst...

GitHub - StephenAbbott/bods-validator: Validate and visualise beneficial ownership data against version 0.4 of the Beneficial Ownership Data Standard (BODS) schema Validate and visualise beneficial ownership data against version 0.4 of the Beneficial Ownership Data Standard (BODS) schema - StephenAbbott/bods-validator

Code available here github.com/StephenAbbot...

More details
www.linkedin.com/posts/stephe...

A working beneficial ownership data validator and visualiser built by me and Claude Code, powered by an open standard, open source code libraries, open data and AI bods-validator.onrender.com

#beneficialownership #openstandards #opensource #opendata #UBO #AMLR #6AMLD #datastandards

Registerføreren 2.0: Fra forvalter til datadrevet dørvakt Ved å kombinere nye hjemler og verktøy som dataanalyse og kunstig intelligens, skal Brønnøysundregistrene styrke arbeidet med å forebygge økonomisk kriminalitet.

How Norway's Brønnøysund Registers team is using new powers, data analysis and artificial intelligence to prevent financial crime 🕵️ 🔎 www.cw.no/ai-brreg-bro... (article in Norwegian)

The Isle of Man Government's national risk assessment on legal persons and legal arrangements finds a high risk of money laundering with complex, multi jurisdictional structures recognised as a primary risk driver

counteringfinancialcrime.im/reports-and-...

“When countries like Cyprus withhold UBO data from the public, hiding economic and political connections, it creates a great opportunity for corruption and crime to flourish,” said Esra Aygin, co-managing editor of CIReN.

Have you ever thought about how investigative journalists find out who owns a company?

One way is looking up its "ultimate beneficial owner" — not the next highest corporate layer, but the person at the top of the chain — in an official registry.

But...

A data-driven approach to measure money laundering risk and its relationship with corruption The issue of how the money laundering (ML) risk of countries is measured is not a merely technical problem. It has a strong impact on countries’ devel…

"Countries at high risk of money laundering appear to be more exposed to investors and beneficial owners from countries at higher level of corruption, suggesting they can also attract corruption money" www.sciencedirect.com/science/arti...

How Europe’s Retreat From Corporate Transparency is Shielding the Corrupt For investigative journalists, beneficial ownership data is a proven weapon against crime and corruption. But with public registries closed across the continent — and a key reform deadline likely to...

How Europe’s Retreat From Corporate Transparency is Shielding the Corrupt

www.occrp.org/en/feature/h...

Introducing BigQuery Graph | Google Cloud Blog BigQuery Graph lets data professionals model, analyze and visualize massive-scale relationships in an entirely new way.

Introducing BigQuery Graph: Unlock hidden relationships in your data

cloud.google.com/blog/product...

Doing some testing on bodsdata-flattened tables to turn them into a shape BigQuery Graph can consume bods-data.openownership.org/source/uk_ve...

#beneficialownership #openstandards #UBO

Why transforming beneficial ownership data into linked data formats matters for AI The Beneficial Ownership Data Standard (BODS) has an RDF vocabulary for converting from BODS JSON to a linked data format

Why transforming beneficial ownership data into linked data formats matters for AI - and for tackling financial crime

stephenabbottpugh.medium.com/why-transfor...

#beneficialownership #openstandards #RDF #AI #knowledgegraphs #UBO #AML

Worth noting that for the time being Italy's beneficial ownership register remains suspended, pending a judgment from the Court of Justice of the European Union

XIX Legislatura - Lavori - Atti del Governo sottoposti a parere Camera dei deputati - XIX Legislatura -

It is currently under examination by the Italian Parliament www.camera.it/leg19/682?at...

This will revoke public access legislation and instead transpose Articles 11, 12, 13, and 15 of EU's Sixth Anti-Money Laundering Directive which set out who can access beneficial ownership data, what they can access and how the information should be shared

Schema di decreto legislativo recante recepimento degli articoli 11, 12, 13 e 15 della direttiva (UE) 2024/1640 relativa ai meccanismi che gli Stati membri devono istituire per prevenire l'uso del sis... Schema di decreto legislativo recante recepimento degli articoli 11, 12, 13 e 15 della direttiva (UE) 2024/1640 relativa ai meccanismi che gli Stati membr

Italy has released draft legislation to introduce legitimate interest access to its beneficial ownership registers for companies and trusts in line with the EU's Sixth Anti-Money Laundering Directive

temi.camera.it/leg19/dossie...

#beneficialownership #legitimateinterest #UBO #6AMLD

Why transforming beneficial ownership data into linked data formats matters for AI The Beneficial Ownership Data Standard (BODS) has an RDF vocabulary for converting from BODS JSON to a linked data format

Why transforming beneficial ownership data into linked data formats matters for AI - and for tackling financial crime

stephenabbottpugh.medium.com/why-transfor...

#beneficialownership #openstandards #RDF #AI #knowledgegraphs #UBO #AML

FT exclusive: The EU is planning the biggest relaxation of its rules on corporate mergers in decades as Europe faces increasing pressure to build global champions capable of taking on US and Chinese rivals ft.trib.al/ef5F9XD

Publication of the study on Wealth Taxation, Including Net Wealth, Capital and Exit Taxes The study on wealth taxation, including net wealth, capital and exit taxes aims to provide a better understanding of these taxes, their interrelation and consequences.

Study on wealth taxation from @eu-economy-finance.ec.europa.eu "highlights the importance of an effective exchange of information on beneficial owners, on real estate and asset registration"

taxation-customs.ec.europa.eu/news/publica...

#beneficialownership #UBO #interoperability

It also notes that "international mobility responses [to wealth taxes being introduced] are often overstated" (@alexcobham.bsky.social) while acknowledging that "large shares of inherited wealth, especially at the top of the distribution, are taxed lightly or not at all" (@gabrielzucman.bsky.social)

Publication of the study on Wealth Taxation, Including Net Wealth, Capital and Exit Taxes The study on wealth taxation, including net wealth, capital and exit taxes aims to provide a better understanding of these taxes, their interrelation and consequences.

Study on wealth taxation from @eu-economy-finance.ec.europa.eu "highlights the importance of an effective exchange of information on beneficial owners, on real estate and asset registration"

taxation-customs.ec.europa.eu/news/publica...

#beneficialownership #UBO #interoperability