The “UK spider’s web” refers to the way in which the UK and its Overseas Territories and Crown Dependencies operate as a web of tax havens that enable corporate tax abuse and private tax evasion. At the centre of the web sits the City of London, where money is illicitly transferred after being routed through the territories and dependencies.
The UK spider’s web is estimated to be responsible for over a third of the worlds global tax losses to corporate and private tax abuse.
Learn more about the UK spider’s web here.