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.

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Deutsche Welle: Britain's overseas territories brace for Brexit

Anguilla, one of Britain's six territories in the Caribbean, is located some 6,500 kilometers (4,039 miles) from Britain and relies heavily on imports — even for its drinking water.

Most of the goods come in through the EU, via a port just 15 minutes away on the French island of Saint Martin. [...]

If London fails to secure a good Brexit deal, Anguilla's residents are worried they will be among the biggest losers. The territory's dependency on its ties with the EU means most residents would have chosen to stay in the bloc. [...]

The EU plays a significant role in Anguilla. Hurricane Irma devastated the tiny territory last September and many homes still lie in ruins, and with the state having no money to spare, the planned reconstruction is funded by the EU.

The EU is also Anguilla's largest provider of development aid, with much of the money earmarked for education. But for the moment it is unclear whether London will step in to help after Brexit.

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