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But it doesn't get mentioned by politicians because it is covered by the tax secrecy laws.
Both have offshore traits (low tax, secrecy) but also have strong legal systems and plenty of double-taxation treaties.
The British prime minister, David Cameron, has promised to "sweep away" tax secrecy – but little has been done.
It is asking why Turnbull chose managed funds registered in the Caymans – a known tax haven and tax secrecy jurisdiction.
Cameron's involvement with Blairmore led to questioning of his commitment to cleaning up tax secrecy around the world.
The prime minister had promised to sweep away decades of offshore "tax secrecy" by introducing a central register.
Similar(23)
Whether you are a criminal laundering money or just someone trying to evade or avoid taxes, secrecy is the one thing you want".
British Virgin Islands: A mix of low tax and secrecy.
And let's not forget all the criminality that tax haven secrecy facilitates.
The British Virgin Islands did not become a tax and secrecy haven through its own efforts.
An end to tax haven secrecy may be his last opportunity to ensure that legacy endures.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com