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Business

Business & Economics

Letters to the Editor, April 22, 2025

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62% Informative

Mark Carney’s involvement with investment funds registered in Bermuda made gratuitous use of the outdated and misleading term “tax haven’t” The term is widely understood to mean a country facilitating tax avoidance by corporations and the wealthy.

Anyone doing business with financial institutions in Bermuda or the Cayman Islands is automatically reported to their domestic tax authorities and required to pay tax.