Prime Minister Imran Khan called upon the international community to take steps to counter illicit flows of money, saying the "stolen assets" of developing countries must be returned.
The UK has three tax havens:
- British Virgin Island
- Cayman Island
Politicians, oligarchs, and frauds of poor countries stash their illegally earned or embezzled money in these places and their respective governments are unable to touch them or prove the crime.
Also, when asked about these havens' roles in aiding frauds from all over the world, the UK government denies any responsibility saying that they can't do anything as those islands have their own local laws, local governments, etc.
Do the USA and France offer similar tax havens?