U.K. Islands Unravel Global Corporate Tax Order, Group Says

May 28, 2019, 4:02 PM

The U.K. bears the lion’s share of responsibility for dismantling the global corporate tax structure, a U.K.-based advocacy group said May 28.

The U.K., through its controlled network of islands including the British Virgin Islands and Bermuda, “is by far the world’s greatest enabler of corporate tax avoidance and has single-handedly done the most to break down the global corporate tax system,” the Tax Justice Network said about its new Corporate Tax Haven Index.

Governments should adopt a unitary tax approach to make ...

To read the full article log in.

Learn more about a Bloomberg Tax subscription.