Most of Hong Kong's offshore business is conducted through the BVI and Caymans, while many mainland firms use BVI and Cayman companies for secrecy. Photo: SCMP

Tax evaders feel the heat in havens

Mainland and Hong Kong are under pressure to comply with FATCA to maintain competitive edge after the BVI and Caymans take steps in this direction

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Most of Hong Kong's offshore business is conducted through the BVI and Caymans, while many mainland firms use BVI and Cayman companies for secrecy. Photo: SCMP
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