Tax Havens Are A Threat To The UK - Richard Murphy

16th May 2024

Tax havens are still a massive threat to the well-being of the UK, even if some of the tax abuses they promoted in the past are no longer available.

It's estimated that maybe 40% of the world's dirty money - from drug and human trafficking and other crime - moves through London or the UK's tax havens, and nowhere near enough is being done to stop that.

This threatens democracy itself by undermining the rule of law, and tax revenues. The government has to do more - whatever the libertarians who oppose such actions claim.

ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax'.