Following our paper on the rise of Britain's tax haven empire, we have received correspondence from someone in Bermuda. It contains some particular details that we can't reproduce here, for libel reasons (since we don't know the ins and outs of it) but the first paragraph speaks for itself:
Am in the process of reading your article on the subject matter , As a citizen of a British Colony (Bermuda ) I have seen and experienced first hand the devastating effect of these countries.
Here in Bermuda there appears to be no sheriff in town with respect to the Banks and international companies. There is neither accountability or any regulation of the Behaviour of executives and Directors of these entities .There are numerous documented cases of fraud and malfeasance and neither the police or the Courts are prepared to assist.
. . .
I do not know what if anything you are able to do but the spotlight needs to shine on this little Island."
And Bermuda calls itself
(as they all do
) a "transparent, well regulated jurisdiction with nothing to hide."