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MEPs have voted to add British overseas territories such as the British Virgin Islands, Guernsey, and Jersey to its post-Brexit tax havens blacklist.
UK overseas territories such as Cayman Islands also may lose protection once afforded by UK’s EU membership.
Listing sends signal that turning Britain into a low-tax island ‘will not be acceptable to the EU’.
Decision on British overseas territory comes less than two weeks after UK left bloc.
Some of the loudest voices in the debate – many of whom want the UK to be a tax haven – have their own offshore interests.
Establishing the tax havens could make it harder to sign a trade deal with the EU.
Brexiter’s firm had assets of £548,573 five months after MEP claimed he had no money.
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