Cayman’s compliance vastly superior to Panama’s

(CNS Business): The biggest tax leak in history, which revealed how a law firm in Panama helped thousands of people, including a number of world leaders, evade tax and hide money offshore, has up ramped calls for the UK government to increase the pressure on the British overseas territories (BOTs), including the Cayman Islands, to accept a central register of beneficial ownership. The British leader of the opposition has even raised the threat of imposing direct rule over the BOTs if they don’t comply.

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