If the UK is serious about eradicating tax havens then we have to act now

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As the Wall Street Journal says this morning:

It is still possible to hide a fortune in Europe, even as Switzerland, Luxembourg and some other countries known for bank privacy give up their secrets under pressure.

Britain and its Channel Islands, for example, are favorite destinations for some who want to keep money below the radar of tax authorities and out of sight of the world in general.

Combine a UK trust using nominees and an offshore company and a bank account in a third location and total secrecy is still yours to have.

The UK is in many ways the epicentre of the secrecy trade. It's time we acknowledged it. This is not a  Swiss issue alone.

How to do it? Start here.