A study says the UK and territories are ‘greatest enabler’ of tax avoidance in the world.
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 European Union wants to bring in tighter 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.