A lot of people are calling me today to ask what the UK can do about tax havens.
My answer is "a very great deal".
For starters there are 18 pages of ideas in here:
A few recent developments are not in there e.g. FATCA, but this is a good place to start.
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Or if pushed for time just read the Executive Summary. There’s enough in there to give Cameron, Osborne and co, The City and its acolytes and servants, plus most of the Shadow Cabinet (unfortunately)a touch of the vapours. But any such action is premised on having courageous politicians who genuinely believe in pursuing the public good, as opposed to the interests and wishes of the 1% and big business, and sadly that isn’t a common trait in UK or many other democracies these days.