Britain’s ‘Treasure Island’ network of tax havens under threat as tide turns
Islands including Gibraltar, Bermuda and Caymans have served as premier jurisdictions for the wealthy and corporates seeking lower taxes and secrecy
08 June 2021 - 17:22
London — Britain’s exotic network of “Treasure Island” tax havens could be facing the biggest threat to its existence in half a century after the US and its allies pledged to squeeze more tax out of large, profitable multinational companies.
The often distant islands of Britain’s former empire have served as the premier jurisdiction for everyone from cash-rich Chinese officials to Russian oligarchs to Western firms to hedge funds seeking lower taxes — or complete secrecy...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.