Five years after David Cameron was pushing for tighter rules around disclosure of beneficial owners, nothing much has changed.
The latest instalment of leaks about the super-rich using offshore tax havens to hide their wealth has been published.
The G-7 wants to set a minimum global tax rate, which would make it harder for countries to act as tax havens.
It’s not all money laundering and snorkels: by ignoring these remnants of empire, UK is shoring up trouble down the line.
Current Australian tax rules are distorting decisions of investors, which is why the Cayman Islands remains so attractive.