Tax Justice Network says UK is nearing top 10 most secretive financial systems
The UK has become a more attractive haven for businesses and super-rich individuals looking to hide their finances from the rule of law, according to the Tax Justice Network (TJN), which it said raised serious concerns about Britain’s post-Brexit strategy.
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TJN’s financial secrecy index, which ranks countries on the size and secretiveness of their financial sectors every two years, showed the UK edged closer to the top 10 most secretive financial systems in the world. It ranked 12th out of 133 countries, having shot up from its previous slot at 23rd.