Despite a global crackdown on offshore finance and tax dodging, one island in the Caribbean, Nevis, has managed to retain its reputation as a secretive haven for rich people with something to hide.
“The story of Nevis reveals the difficulties the world faces in trying to put an end to tax evasion, fraud and kleptocracy,” writes Oliver Bullough, the author of a fascinating deep-dive Guardian article. “While Nevis’s rivals have lost business by opening up, [the island] has doubled down on secrecy.”
Even though the island was found to be involved in Britain’s biggest-ever tax fraud and a US$220 million payday loan scam, there are no signs that it plans to stop its shady dealings. Read the full Guardian story here.