UK Most At Fault For Global Tax Breakdown, Watchdog Says

Law360 (May 28, 2019, 1:24 PM EDT) -- The United Kingdom is the jurisdiction most responsible for the breakdown of the global tax system, a report published Tuesday by a watchdog group claimed.

Seven Mile Beach on Grand Cayman Island. Three U.K. territories, including the Cayman Islands, led a financial secrecy list compiled by the Tax Justice Network. (AP) The U.K. has been the most important player in instigating a tax war through a controlled network of satellite jurisdictions, said the study published by the Tax Justice Network. The study is intended to complement TJN's financial secrecy index, which ranks countries by their contributions to financial secrecy, focusing on...

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