> It's not quite clear what competitive advantage England brings to the table today,
UK controls some of the biggest tax havens in the world.
UK controls some of the biggest tax havens in the world.
Most of the ones I know are former colonies.
If you wanted a Double Irish With a Dutch Sandwich, that never hit any current UK country. Ditto for Caribbean nations.
UK is deep into sleazy financial schemes, but I didn't think it was a major player specifically here.
https://thoughtmaybe.com/the-spiders-web/
This was by design as a way to keep UKs importance post empire.
> The charity’s list of the “world’s worst” 15 tax havens includes the Cayman Islands, Jersey and the British Virgin Islands, which, like Bermuda, are under the sovereignty of the UK. It warned that allowing these territories to act as tax havens “undermines Britain’s efforts to be an outward-facing, responsible member of the international community”.
https://www.theguardian.com/world/2016/dec/12/bermuda-is-wor...