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> 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.

• blagie 4y ago
  Which ones? 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.
  • benlumen 4y ago
    https://en.wikipedia.org/wiki/Crown_Dependencies https://en.wikipedia.org/wiki/Crown_Dependencies
  • freddybobs 4y ago
    The documentary "Spiders Web" talks about how the UK after the second world war, used offshore jurisdictions as places which desirable place for finance being safe (because UK connection) and opaque (so can avoid taxes), and yet not accessible through courts and the law as not strictly "the UK". https://thoughtmaybe.com/the-spiders-web/ 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-worlds-worst-corporate-tax-haven-says-oxfam https://www.theguardian.com/world/2016/dec/12/bermuda-is-wor...
    • blagie 4y ago
      Thank you!