In the book Brexit – A Corporate Coup D’etat, one chapter is dedicated to the threat of EU regulation, due to be enforced in 2019, which would have all but destroyed Britain’s dominance as a global leader in the tax haven and money laundering business. Over the years, Britain has consistently voted against creating a globally representative inter-governmental body to shape a framework of rules to strengthen international cooperation on tax matters and has successfully resisted international pressure to take effective action against its tax havens in the Channel Islands, the Cayman Islands, the British Virgin Islands, and other British dependencies. In this article, the Tax Justice Network not only confirms this threat but highlights the ongoing efforts the British government are having in the background to create what they themselves are calling the – ‘Singapore-on-Thames’ development strategy.

The EU‘s…