Tax havens fear ‘indiscriminate’ crackdown

(FT): A rearguard action to fend off the "action against tax and regulatory havens" threatened by Gordon Brown and other world leaders is being launched by some of Britain’s Crown Dependencies and Overseas Territories. Deborah Drummond, deputy financial secretary of the Cayman Islands, says: "We fear a very indiscriminate position will be taken which owes more to protectionism and prejudice than judgment and intellectual application."

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