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Push ahead with register of foreign owners of UK properties, says Labour
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Labour has called on ministers to push through a long-delayed register of foreign owners of UK properties, saying the Pandora papers illustrated the need to crack down on the use of overseas shell companies to obscure the sources of wealth.
Citing the revelations in the vast leak of nearly 12m files detailing offshore structures and trusts in tax havens, reported by the Guardian and others, Pat McFadden, the shadow economic secretary to the Treasury, said changes must be made.
He said the
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