Friday, October 20, 2017

UK Tax Haven

Britain is the “country of choice for every kleptocrat, crook and despot in the world”, Margaret Hodge, a former chair of the public accounts committee and Labour MP, has said.

She told MPs that UK corporate structures were being used for a wide range of crimes, including tax evasion and bribery.  “We have become the safe haven for dirty money. We are allowing money laundering and tax avoidance to take place on an industrial scale. Our corporate rules and our weak regulatory framework are a gift to villains.” She added, “I feel deep shame and embarrassment that we in the UK are not just complicit, but central to the success of these despicable practices.” 

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