UK Linked To Half Of Global Tax Havens, Report Says

Law360, New York (November 8, 2013, 3:50 PM EST) -- The U.K. and its network of overseas territories and dependent states including the Cayman Islands, British Virgin Islands and Jersey make up as much as half of the world's tax havens, according to a report released Thursday by the nonpartisan group Tax Justice Network.

The findings were part of an index the group compiled ranking which global jurisdictions are the most hospitable to tax dodgers. Although Switzerland topped the rankings, the U.K. and its satellites when taken together “constitute by far the most important part of...
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