UK OVERSEAS TERRITORIES TOP LIST OF WORLD’S LEADING TAX HAVENS

On 9 March, the Guardian reported on the Tax Justice Network new listing which says that Britain’s overseas territories have topped a list of the world’s most significant tax havens ahead of Switzerland, the Netherlands and Luxembourg.  The TJN listing ranked the BVI as the “greatest enabler of corporate tax abuse”, with the Cayman Islands in second place and Bermuda third.  The top 10 are –

1             BVI (British overseas territory)
2             Cayman Islands (British overseas territory)
3             Bermuda (British overseas territory)
4             Netherlands
5             Switzerland
6             Luxembourg
7             Hong Kong
8             Jersey (British crown dependency)
9             Singapore
10           UAE

https://www.theguardian.com/business/2021/mar/09/uk-overseas-territories-top-list-of-worlds-leading-tax-havens

UAE ATTRACTS CORPORATE BILLIONS TO CLIMB TAX-HAVEN RANKING

On 9 March, Reuters reported that the Tax Justice Network has added the UAE to its top-10 ranking, which includes Switzerland and Bermuda.  The UAE joined the top ranking at number 10 after multinationals rerouted over $218 billion of foreign direct investment via the Netherlands to the UAE to save taxes, the study said.

https://www.reuters.com/article/taxhaven-index-int/united-arab-emirates-attracts-corporate-billions-to-climb-tax-haven-ranking-idUSKBN2B10JG

I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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