Corbyn queries Cayman’s celebration over UK deal

British Houses of Parliament, London

(CNS Business): The fact that the Cayman Islands has welcomed the recent agreement with the UK over how it will share beneficial ownership details with British law enforcement and tax authorities was used against Prime Minister David Cameron this week by the opposition leader in the British parliament. Labour party leader Jeremy Corbyn pointed to Premier Alden McLaughlin’s comments about the deal being what Cayman wanted as an illustration that the UK had not gone far enough to address the transparency issue in the British overseas territories’ offshore centres.

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