{"id":35243,"date":"2018-05-02T09:24:02","date_gmt":"2018-05-02T07:24:02","guid":{"rendered":"https:\/\/www.w-t-w.org\/en\/?p=35243"},"modified":"2018-05-02T09:28:12","modified_gmt":"2018-05-02T07:28:12","slug":"havens","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/havens\/","title":{"rendered":"Most Popular Tax Havens in the Panama Papers"},"content":{"rendered":"

The U.K. will force its overseas territories, including some well-known corporate secrecy havens, to reveal the names of company owners in these locations.<\/p>\n

The United Kingdom is to force its overseas territories, including the Cayman Islands, British Virgin Islands and other well-known corporate secrecy havens, to reveal the names of the ultimate owners behind companies in these remote locations.<\/p>\n

The surprise move, which until Tuesday had not been supported by prime minister Theresa May\u2019s government, is a victory for corporate transparency campaigners who have long claimed that offshore secrecy encourages and enables corruption, tax evasion, money laundering and other crimes around the world.<\/p>\n

It comes two years after the ICIJ\u2019s Panama Papers<\/a> investigation showed one in every two companies found in Mossack Fonseca\u2019s files \u2014 the controversial law firm at heart of the scandal \u2014 was incorporated in the BVI. Mossack Fonseca closed down in March<\/a>.<\/p>\n

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Duncan Hames, of Transparency International UK<\/a>, said \u201cthese jurisdictions have long been the Achilles\u2019 heel of our defenses against dirty money.\u201d<\/p>\n

Global Witness, a nonprofit campaigner against corruption, said the U.K.\u2019s intervention was \u201ca huge win in the fight against corruption tax dodging and money laundering.\u201d<\/p>\n

Many campaigners credited investigative work by ICIJ, including the Panama Papers<\/a> and the Paradise Papers<\/a>, and its partners for highlighting controversial practices in the offshore world.<\/p>\n

The U.K.\u2019s 14 overseas territories also include Anguilla, Gibraltar, Bermuda, Montserrat and the Turks & Caicos Islands. Their constitutional relationship with the U.K. is slightly different to that of the Crown Dependencies of Jersey, Guernsey and the Isle of Man \u2014 none of which will be subject to the new rules…..icij.org<\/a>\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.K. will force its overseas territories, including some well-known corporate secrecy havens, to reveal the names of company owners in these locations. The United Kingdom is to force its overseas territories, including the Cayman Islands, British Virgin Islands and … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22,13],"tags":[],"class_list":["post-35243","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t