British taxpayers fork out £45m in foreign aid to paradise islands that charge NO TAX
Nations such as Belize, Marshall Islands, Seychelles and Vanautu - which are all included on a European Commission 'blacklist' of international tax havens - have all received cash handouts from the UK Government. Under a controversial new law introduced by the Prime Minister, Britain is legally obliged to spend 0.7 per cent of Gross Domestic Product (GDP) on foreign aid spending. However, critics of the foreign aid commitment reacted with fury after it was revealed millions are being handed over to countries that set minimal or even zero tax rates. An investigation by the Independent found that, for example, more than £1.8million of UK cash was given to the paradise Caribbean island of Anguilla in 2013. This is despite the nation - which has an estimated population of less than 15,000 - charging no income, capital gains or any other form of direct taxes on residents or companies, with it described as a "zero-tax jurisdiction". In total, 13 countr...