ARTICLE · 30 MAY 2017

Tax Non-Transparency: The Truth Will Out

Travers Thorp Alberga

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It has become conventional wisdom to lay the ‘blame' for lawful tax avoidance firmly at the feet of the offshore financial centres.

Cayman IslandsWealth Management

Anthony Travers OBE

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"If the person you are talking to does not appear to be listening, be patient. It may simply be that he has a small piece of fluff in this ear." Winnie the Pooh.

It has become conventional wisdom to lay the 'blame' for lawful tax avoidance firmly at the feet of the offshore financial centres. In the April 2016 edition of Alternative Domicile Intelligence, Simon Osborne goes further and attributes the fault for the latest round of negative publicity to which they have been subjected firmly at the feet of those centres, which, he asserts, have failed to explain their role as "tax neutral cogs" in the global economy. Easier said than done. We can agree, at least, about the publicity he is referring to.

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