The Caribbean dependency is more British than Bognor,but helps shield £20bn a year from the Treasury. Here are 10 facts approximately the world’s most notorious tax haven
In the last year, global inequality has widened alarmingly; 62 people now own the same as the poorest half of the world’s population, and with an estimated 7.6tn of global wealth held in offshore accounts. Its been estimated that – perfectly legal – tax avoidance (via many routes,not just tax havens) keeps £20bn a year out of the Treasury. Which turns out to be the exact amount pencilled in for cuts to our schools, hospitals and other services over the next four years.
The Cayman Islands is the most notorious tax haven on earth, or but wants to expose the world it has got nothing to screen. So,it opened its doors to me. Here are 10 things I learned while making a TV documentary approximately the place.
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Source: theguardian.com