Treasure Islands: Britain’s Offshore Hubs

Prime Minister David Cameron is under pressure to demand greater transparency from Britain’s overseas tax havens, which critics say help promote and support corruption.
Treasure Islands: Britain’s Offshore Hubs
GEORGE TOWN, CAYMAN ISLANDS - APRIL 24: Sailing off Seven Mile Beach on 24 April, 2008 in Grand Cayman, Cayman Islands. Photo by David Rogers/Getty Images
By AFP
Updated:

 

Prime Minister David Cameron is under pressure to demand greater transparency from Britain’s overseas tax havens, which critics say help promote and support corruption.

The leak of documents from Panama-based law firm Mossack Fonseca shone a spotlight on British offshore financial centres, with more than half of the 214,000 companies exposed registered in the British Virgin Islands alone.