In wake of Brexit, EU to put Cayman Islands on tax haven blacklist

[AtW]

Fook business.

Boris

[Cirrus]

It's started

So nobody say nothing good will come out of Brexit!

Maybe we can start to dismantle the vast empire of financial fraud, tax evasion, money laundering and sanctions busting that is otherwise known as the City. It will hurt the UK a lot but at last the rich will not be able to protect this tsunami of crime.

Well done Boris. You realized you could never do this as PM but if you unleashed a much more powerful force then the walls might tumble!

[AtW]

"The Cayman Islands, a British overseas territory, is to be put on an EU blacklist of tax havens, less than two weeks after the UK’s withdrawal from the bloc.

In a clear indication of the country’s loss of influence on the EU’s decision-making, the bloc’s 27 finance ministers are expected to sign off on the decision next week.

The EU’s blacklist is an attempt to clamp down on the estimated £506bn lost to aggressive tax avoidance every year but member states are not “screened” in the process of drawing up the blacklist.

Territories linked to member states have also avoided the blacklist and the UK had heavily lobbied to protect its overseas territories from such scrutiny in the past."

In wake of Brexit, EU to put Cayman Islands on tax haven blacklist | US news | The Guardian

About fooking time ALL low/zero tax offshores got put onto blacklist with massive transaction taxes for sending and receiving money.