BusinessCompany NewsKerry sets sights on British tax havens

Kerry sets sights on British tax havens

John Kerry, favourite to become the Democratic candidate to take on George W. Bush in this year's US presidential race, has promised to tackle tax evasion at British-owned tax havens.

Link: OECD split threatens anti-tax evasion drive

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.

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