Sun, sand, and the $1.5 trillion dark offshore economy | Curio

Sun, sand, and the $1.5 trillion dark offshore economy

30 mins | Jul 11, 2019

Wealth passes straight through this tax-free haven, so why are locals opposing transparency initiatives? The British Virgin Islands is nominally home to a $1.5 trillion dark offshore economy. Writing in Bloomberg Businessweek Stephanie Baker investigates the tax-free haven, it's complicated colonial legacy and the fight opposing new legal transparency initiatives.

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From Bloomberg Businessweek