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A British tax haven is returning a Nigerian dictator’s $270 million to his country

Max de Haldevang
A British tax haven is returning a Nigerian dictator’s $270 million to his country

A trio of secretive British tax havens beloved of kleptocrats and money-launderers are facing unprecedented pressure to open their books. Two influential backbench MPs, Labour’s Margaret Hodge and the Conservatives’ Andrew Mitchell, have been pushing an amendment that would force Jersey, Guernsey, and the Isle of Man to publish a public register revealing who actually owns the roughly 80,000 companies registered on them. Anti-corruption activists allege that the three jurisdictions dotted around Britain’s coastline, known as the Crown Dependencies, are hotbeds for financial crime and tax evasion.