Caribbean Tax Haven Outpaced Canada In Investment, UN Says

Law360, New York (January 29, 2014, 1:49 PM EST) -- The British Virgin Islands, considered one of the world's top tax havens, received more direct foreign investment in 2013 than Canada, Brazil and a host of other nations while cross-border mergers and acquisitions remained sluggish, according to a report released Tuesday by the United Nations.

A strong increase in foreign investment in the Caribbean was driven primarily by the British Virgin Islands, which received more than $92 billion last year, the report said. The island territory pulled in more foreign investment than every nation but Russia...
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