I told you so….

In the previous post I said that, post Brexit, the UK would be unable or unwilling to defend the interests of its overseas territories. The EU has now placed Cayman Islands (and others) on a blacklist of tax havens, the “list of non-cooperative tax jursidictions”. This move required unanimity at the finance ministers’ meeting and, according to the Neue Zuericher Zeitung, the UK in the past had blocked such decisions.