Deeply shameful stuff. Yet cheerled by the usual suspects. Is Colonialism good or bad? Is it ok for the UK to dictate to others what they do?
https://www.bloomberg.com/news/arti...te-on-targeting-dirty-money-in-u-k-tax-havens
U.K. lawmakers backed a change to legislation on Tuesday that would force the government to push offshore tax havens to boost transparency in a bid to tackle money laundering.
Facing defeat, Prime Minister Theresa May’s government said it wouldn’t vote against a cross-party amendment to the Sanctions and Anti-Money Laundering Bill, which aims to ensure the U.K.’s overseas territories -- including the British Virgin Islands and Cayman Islands -- publish open registers of company ownership by Dec. 31, 2020.
Lorna Smith, executive director of BVI Finance, told the BBC that accusations of corruption and money-laundering are “totally false,” and that the proposed amendment “smacked of colonialism” because it would infringe on the constitution of the British Virgin Islands.
https://www.bloomberg.com/news/arti...te-on-targeting-dirty-money-in-u-k-tax-havens
U.K. lawmakers backed a change to legislation on Tuesday that would force the government to push offshore tax havens to boost transparency in a bid to tackle money laundering.
Facing defeat, Prime Minister Theresa May’s government said it wouldn’t vote against a cross-party amendment to the Sanctions and Anti-Money Laundering Bill, which aims to ensure the U.K.’s overseas territories -- including the British Virgin Islands and Cayman Islands -- publish open registers of company ownership by Dec. 31, 2020.
Lorna Smith, executive director of BVI Finance, told the BBC that accusations of corruption and money-laundering are “totally false,” and that the proposed amendment “smacked of colonialism” because it would infringe on the constitution of the British Virgin Islands.
