New threat for UK’s offshore havens: tax

October 29th, 2009

The Guardian

Britain’s tax havens will be read the last rites tomorrow when a Treasury commissioned report will tell them to raise new taxes if they are to survive the economic crisis.

Amid fears that Britain may have to bail out tax havens which are showing signs of financial stress, the government will publish the findings of an economic healthcheck of its overseas territories and crown dependencies including Jersey, the Isle of Man and the Cayman islands.

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