The Guardian
The Cayman Islands leader, William McKeeva Bush, was today forced to postpone his annual budget as the British overseas territory’s debt crisis worsens.
The situation prompted financial leaders of the Caribbean territory to launch a blistering attack on the British Foreign & Commonwealth Office (FCO) minister, Chris Bryant, for demanding the tax haven introduces an employee tax to ward off disaster.
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Tags: Banking secrecy, Cayman Islands, OECD, Tax Evasion, UK