[Is this one of the reasons for Brexit?] The Guardian: Staff and agencies: UK and territories are ‘greatest enabler’ of tax avoidance, study says

I’m guessing the vested interests pushing for a no deal Brexit are doing it, in part, to weaken the European Union’s hold on The City of London. The EU wants to bring in stricter rules on financial services, and try to stop the kind of enabling, that ranks British territories and its dependencies among the worst offenders. The only people who will benefit from a low tax Britain are the wealthy. For the rest of us less tax means no money for schools, infrastructure, or the health service. If we crash out of the European Union, and stronger regulation, the City will become the perfect host for all kinds of parasitic tax avoiders.

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