Uk Offers Refuge To The Pin Striped Pirates

If you want to know why Britain has never completed the process of decolonisation, look at two lists side by side. One is the official register of tax havens, compiled by the OECD. The other is the list of British overseas territories and crown dependencies. Over a quarter of the world's tax havens are British property. More than half of Britain's colonial territories and dependencies are tax havens. Strip out Antarctica, the military bases and the scarcely habited rocks and atolls and, of the 11 remaining properties, only the Falkland Islands is not a recognised haven.

The obvious conclusion is that Britain retains these colonies for one purpose: to help banks, corporations and the ultra-rich to avoid tax.

Read more...