Just how to define a tax haven has been a problem for some of the best tax minds. The OECD and IMF have tried, and got confused, especially when trying to contrast them with what an Offshore Finance Centre might be.
I'm not claiming the finest mind, but I think I can distinguish the two in a way which should make policy in this area much easier to formulate. I explain in this video:
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Hi Richard,
Can you tell me your opinion of Guernsey considering the new legislation on money laundering, financing of terrorism and companies law? It is my view that these, particularly the companies law and the introduction of the on-line registry, have made Guernsey far more transparent and the regulatory environment much tougher. I am particularly interested in your comparison of the two islands (Guernsey and Jersey)?
Kind regards,
Darren.