Tax haven

We’re looking for a British territory in the Caribbean that has thrived on its status as one of the world’s major tax havens, but now may be edging closer to bankruptcy.

The “Organisation for Economic Cooperation and Development” or OECD released a “blacklist” of global tax havens at yesterday’s G20 summit in London. The Philippines, Uruguay, and Costa Rica were listed as three of the four worst offenders. For today’s Geo Quiz, we’re looking for the fourth. The answer is the Malaysian federal territory of Labuan.