text_body: --- DIVISION TITLE ---
  
  Finance (No. 2) Bill - New Clause 5 - Reviews of Economic Crime (Anti-money Laundering) Levy
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to require reports on the operation of a tax on financial and other bodies to fund tackling economic crime and on the potential impact that a register of beneficial owners of overseas entities that own UK property might have on that scheme, and on progress towards such a register. 
  
  
  @ MP voted no not to require reports on the operation of a tax on financial and other bodies to fund tackling economic crime and on the potential impact that a register of beneficial owners of overseas entities that own UK property might have on that scheme, and on progress towards such a register. 
  
  
  The majority of MPs voted not to require reports on the operation of a tax on financial and other bodies to fund tackling economic crime and on the potential impact that a register of beneficial owners of overseas entities that own UK property might have on that scheme, and on progress towards such a register. 
  
  
  MPs were considering the Finance (No. 2) Bill.[1][2][3]
  
  The proposed new clause rejected in this vote was titled: ''Reviews of Economic Crime (Anti-money Laundering) Levy'' and stated: 
  
  :(1) The Government must publish a review of the operation of the [https://www.gov.uk/government/publications/economic-crime-anti-money-laundering-levy/economic-crime-anti-money-laundering-levy Economic Crime (Anti-Money Laundering) Levy by 31 December 2027].
  
  :(2) The Government must publish on 31 December each year until the establishment of a register of beneficial owners of overseas entities that own UK propertyâ
  
  :(a) an assessment of the contribution to the effectiveness of the Levy that such a register would make; and
  
  :(b) an update on progress toward implementing such a register.â
  
  
  The rejected new clause was accompanied by the following explanatory statement from its proposer:
  
  :This new clause will put into law the Governmentâs commitment to undertake a review of the Levy by the end of 2027, and require them to publish an assessment every year until a register of beneficial owners of overseas entities that own UK property is in place an assessment of what impact such a register would have on the effectiveness of the Levy, and progress toward the register being established.
  
  
  
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  * [1] [https://bills.parliament.uk/bills/3060 Parliament's webpage on the Finance (No. 2) Bill], Parliament.uk
  * [2] [https://bills.parliament.uk/publications/43399/documents/874 The Finance (No. 2) Bill (as introduced), 4 November 2021], Parliament.uk
  * [3] [https://publications.parliament.uk/pa/bills/cbill/58-02/0184/en/210184en.pdf Explanatory notes to the Finance (No. 2) Bill], Parliament.uk
  * [4] [https://www.legislation.gov.uk/ukpga/2010/4/part/7A/chapter/4/crossheading/the-surcharge Section 269DA of the Corporation Tax Act 2010], Legislation.gov.uk
  * [5] [https://www.gov.uk/capital-allowances/annual-investment-allowance Annual Investment Allowance], Gov.uk
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  