Bermuda is world's worst corporate tax haven, says Oxfam

Four UK territories in list ‘undermine Britain’s efforts to be responsible member of the international community’

Bermuda is the world’s worst corporate tax haven, according to a list by Oxfam, which includes three other UK territories among those it names and shames.

The charity’s list of the “world’s worst” 15 tax havens includes the Cayman Islands, Jersey and the British Virgin Islands, which, like Bermuda, are under the sovereignty of the UK. It warned that allowing these territories to act as tax havens “undermines Britain’s efforts to be an outward-facing, responsible member of the international community”.