In a speech to supporters, Kerry singled out Bermuda and the Cayman Islands, which are both British-owned as he promised to tackle tax evasion and banking secrecy.
‘There are enough brass-plate companies down in the Cayman Islands to make anybody sick when they look at their own tax bill,’ he said.
Kerry, a decorated Vietnam war hero, has led an official US probe in the BCCI affair and has written a book about terrorist money laundering, the Observer reported.
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements
Charles Tilley's departure from CIMA leaves the accounting world quieter, but his institute with an exciting foundation