UK Overseas Territories Meet on OECD Report on Harmful Tax Competition and Focus on UK Draft Report on “Offshore UK” Islands

In September 1998, ministers from the UK’s ten overseas territories met in London with officials from the Foreign and Commonwealth Office, the UK Treasury, and Inland Revenue to discuss issues, implications, and required responses to the Organization for Economic Co-operation and Development (OECD) report, Harmful Tax Competition, which was issued this spring. Meanwhile, controversial discussion continued over a draft version of the Edwards report on financial supervision in the “offshore UK” islands... [more]