Tom Scott considers the topical issue of whether or not the UK can now be considered a tax haven, and the global tax legislative changes we can expect to see
What is a tax haven?
The label itself is slightly pejorative or at least tendentious. In practice it is used to refer to two different regimes. The first is a jurisdiction which deliberately adopts very low (or zero) tax rates as an incentive to encourage companies to locate there with minimal requirements as to substance often accompanied by a light regulatory regime. The UK does not fit that description.
The second is a jurisdiction which in relative terms has become highly competitive in its corporate tax system perhaps for particular types of group or categories of investment. That could...
