Market leading insight for tax experts
View online issue

The Foot Report

 
Simon Sweetman tries to get behind the stereotypes and look at the real world of the UK's very own tax havens
 
In December 2008 as the financial world seemed to be crumbling the Chancellor of the Exchequer asked Michael Foot to compile a report into the Crown Dependencies and Overseas Territories to identify the opportunities and challenges generated by turmoil in the financial markets and the subsequent impact on the world economy.
 
Well first of all it's not that Michael Foot but the chairman of the Promontory Financial Group having previously been at the Central Bank of the Bahamas. So (perhaps typically of New Labour) you don't ask a socialist (heaven forbid) but a banker.
 
It is difficult to understand the report without trying to...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
EDITOR'S PICKstar
Top