Originally posted by Laxmi
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This Government has a bit of a soft spot for the Cayman Islands, for historical reasons perhaps? There's the 'f' word again. It seems you can make it mean anything you want, but generally it's considered 'fair' if the UK Government are getting a slice of the action and unfair if they aren't.
From wikipedia (Tax haven - Wikipedia, the free encyclopedia) .
In September 2013 British Prime Minister David Cameron said "I do not think it is fair any longer to refer to any of the Overseas Territories or Crown Dependencies as tax havens. They have taken action to make sure that they have fair and open tax systems. It is very important that our focus should now shift to those territories and countries that really are tax havens."[40] Mr Cameron's comments were interpreted as a direct reference to Jersey, Guernsey, Isle of Man, the British Virgin Islands and the Cayman Islands, and followed a period of negotiations with those (and other) British territories during which those jurisdictions had made a number of concessions relating to tax transparency and sharing of information.[41] Anti-tax haven pressure groups immediately accused the Prime Minister of taking leave of his senses, and commenting sarcastically "It was Cameron's father's tax haven activities that are repotted [sic] to have paid for his Eton education. Was it ever realistic to think he'd change his spots?"
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