USA NO. 1 BIGGEST TAX HAVEN SECRECY COUNTRY.

THE FIGHT FOR TAX HAVEN MARKET SHARE IS WON BY THE USA AT 21% AND THE UK AT 20% OF SECRET TAX HAVEN DEALING.

BIGGEST WORLD PLAYERS IN THE TAX HAVEN SECRECY BUSINESS ARE THE USA, UK AND GERMANY.

OECD war to shut down competition from smaller tax havens is based on pseudo-scientific compilation of random data for the most part wrong or deliberately misused to reach a pre-determined conclusion”.

Mainland China using HONG KONG is slowly growing in secrecy tax haven services for financial services. Rated at No. 4 in the world.
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Cayman Islands second for secret dealings
October 5, 2011 By Paul Kennedy Leave a Comment

Cayman Islands

The Cayman Islands has been placed second in a world list of global financial crime and malpractice, according to a report published.

The tax haven infrastructure that has enabled global financial crime and malpractice to flourish has barely been reformed, despite a pledge by the G20 leaders in 2009 to close it down, according to an index published by campaign group the Tax Justice Network.

Switzerland, the Cayman Islands, Luxembourg, Hong Kong and the US are placed among the top of the league as the most aggressive in providing secrecy in the latest financial secrecy index.

The UK, with the City of London and a network of overseas tax haven territories and dependencies including Jersey, Bermuda, the British Virgin Islands and the Caymans, also features prominently in the index’s dirty dozen of top offenders.

The UK Treasury said it did not recognise the picture presented in the index, adding that the UK government had demonstrated a clear commitment to tackling all forms of tax avoidance and evasion.

Two years on from Gordon Brown’s G20 summit pledge to tackle tax havens and the role they played in the global economic crisis, TJN says there has been little real progress. It claims the role in the Greek debt ce=10/6/11