Is The UK A Tax Haven? London, British Islands Questioned After Panama Papers Leak

Debate over tax regulation and tax evasion in Britain and its territories has been reignited after the millions of leaked documents known as the Panama Papers identified hundreds of thousands of secret firms registered to Britain and British islands. While known less for tax loopholes than Panama or Switzerland, Britain has long had relatively lax tax laws for foreign corporations and individuals, leading some critics to accuse it of being a tax haven.