30 May 2019

The Guardian: UK and territories are 'greatest enabler' of tax avoidance, study says

The UK and its “corporate tax haven network” is by far the world’s greatest enabler of corporate tax avoidance, research has claimed.

British territories and dependencies made up four of the 10 places that have done the most to “proliferate corporate tax avoidance” on the corporate tax haven index. [...]

McDonnell added: “The only way the UK stands out internationally on tax is in leading a race to the bottom in creating tax loopholes and dismantling the tax systems of countries in the global south. [...]

At the top of the list was the British Virgin Islands, followed by Bermuda and the Cayman Islands – all British overseas territories.

No comments:

Post a Comment