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How many scandals at how many institutions does it take to describe an industry as systemically corrupt?

It was a surprise to read in yesterday’s Guardian and elsewhere the remarks of Sir Roger Carr, President of the CBI, that tax avoidance “cannot be about morality – there are no absolutes”.

Pressure on what are alternatively called ‘offshore havens’, ‘tax havens’ or ‘secrecy jurisdictions’ is reaching an unprecedented level. There are more than fifty such havens world-wide, and governments are finally coming around to the idea voiced by activists that tougher regulation is needed.

 

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