Can Britain's offshore tax havens survive?

What are tax havens?Tax havens are small, well-governed, offshore financial centres that offer low or zero taxes, combined with secrecy – or at least strict privacy – regarding client and ownership information. Many of them are islands connected in some way with Britain to exploit the country's legal frameworks, stability and access to the City of London, but with the convenience and flexibility of separate fiscal regimes. The islands have a massive incentive to take advantage of the