RegulationAccounting StandardsBritain should join tax havens, says IoD

Britain should join tax havens, says IoD

Institute urges UK to compete with offshore tax havens to help eliminate their use

Institute of Directors building in London's Haymarket

The Institute of Directors is urging Britain to compete with offshore tax
jurisdictions if its to be constructive in eliminating their use.

The IoD said domestic tax laws should be relaxed for certain types of
businesses, such as hedge funds, according to
ft.com

In a new paper released by the IoD, it said: ‘If the UK’s tax rules were
amended, hedge fund assets could be held in the UK, with no overall loss and
some gain to the exchequer.’

Further Reading:

France
and Britain to sanction tax havens

Tax
haven transparency casts shadow over hedge funds

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