A year of drift on offshore secrecy

A year of drift on offshore secrecy

Last week’s Budget underscored the government’s struggles to balance the books without raising taxes or cutting services. Yet one source of lost revenue – offshore tax evasion – remains persistently under-policed and under-discussed. It appeared...
Broken offshore promises undermine the UK’s tax system

Broken offshore promises undermine the UK’s tax system

After years of attempts at reform, offshore havens still offer secrecy for those determined to hide money and evade tax. In a week when five of the UK’s Overseas Territories have ignored yet another deadline for functioning ‘beneficial ownership’...