G20 pushes for transparency on offshore shell companies: draft communique

The G20 leading economies moved a step closer Friday toward ending the ability of tax evaders and money launderers to hide behind anonymous shell companies, according to a draft communique. Acting in the wake of the "Panama Papers" scandal, G20 finance ministers meeting in Washington supported proposals requiring authorities to share the identities of the real owners of shell companies. The group said it is "essential" for all countries to implement disclosure standards of the international Fina