Under the heading of 'The tiny British island of Anguilla worries about Brexit', The Economist addressed the issue of the impact of Brexit on its Overseas Territories, mainly in the Caribbean and particularly in Anguilla, an island whose connectivity is entirely dependent on neighboring territories from France and the Netherlands. There is also a mention to other BOTs, such as the Falkland Islands, and its main exports market, Spain, 'which has a taste for Argentine squid'. And 'it is not clear whether the Falklands will retain tariff-free access to this market once Britain leaves the EU'.7 comments
Pressure mounted on Prime Minister David Cameron on Tuesday to impose “direct rule” on British overseas territories after several of them figured as tax havens in the leaked Panama Papers that have caused ripples around the world.
Maximo Kirchner, son of Argentine president Cristina Fernandez has strongly denied as “false and ridiculous” news published in Buenos Aires daily Clarin and Brazil's magazine Veja alleging he had secret accounts in the US and Cayman Islands holding millions of dollar.
Maximo Kirchner, son of Argentine president Cristina Fernandez and former Defense and Security Minister Nilda Garre figure with secret bank accounts, stashed with millions of dollars, in the United States and in the Cayman Islands, according to reports in Buenos Aires daily Clarin and Brazil's Veja, the weekly magazine with the largest circulation in that country.
A reception was held on the evening of November 4, in the Palace of Westminster to celebrate the 20th Anniversary of the founding of the United Kingdom Overseas Territories Association (UKOTA), as reported by the Gibraltar Chronicle.
Several leaders from British Overseas Territories, BOT, including Falkland Islands, are meeting in Cayman Islands to discuss the agenda of the Joint Ministerial Council to be held in December in London.
Prime Minister David Cameron has urged British overseas territories to get their house in order and sign up to international treaties on tax. He wrote to 10 territories and crown dependencies, including the Cayman Islands and the Isle of Man, which operate low-tax regimes.
Tax havens such as Bermuda and the Cayman Islands will work more closely with Britain and other European countries to fight tax evasion, British finance minister George Osborne said.