UK & its dependencies, top financial secrecy index

UK & its dependencies, top financial secrecy index

Tax Justice Network [TJN] reveals that Britain plays a key role in the global market for financial secrecy.

Britain, taken together with its Overseas Territories and Crown Dependencies, is by far the most important part of the global offshore system of tax havens or secrecy jurisdictions .

“The crown dependencies and overseas territories have long been considered among the worst offenders of world tax havens ,” Salman Shaheen, editor for International Tax Review magazine told RT.

According to TJN , up to US$32T is sitting in offshore zones where it is either untaxed or slightly taxed.

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