When it comes to the dubious world of offshore wealth and the respective tax losses subsequently inflicted on other countries, not only does the UK rank second, but a further three British overseas territories make the top 10.
In fact, when these tax losses to other nations via this offshore wealth are combined, it sits at a staggering £64.5bn, according to new research.
By taking advantage of the tax loopholes available through offshore investment, wealthy individuals and organisations around the world are able to streamline the tax they pay.
While it’s a very grey area that often attracts some unsavoury practices and people, it’s not, in itself, illegal.
Ford wants the Ford Dagenham engine plant to play a key role in a £2.5bn Ministry of Defence deal to replace the Army's ageing Land Rover Wolf fleet.
Fred Done says Betfred will not renew its rugby league deal and will quit British Classics racing sponsorship if the budget raises gambling tax again
John Healey is said to be considering business rates relief changes that could take thousands of small firms out of the tax at his Budget on 28 October.
