Comments on: Guernsey: why has there been no investigation of its rampant money laundering? http://www.taxresearch.org.uk/Blog/2008/02/06/guernsey-why-has-there-been-no-investigation-of-its-rampant-money-laundering/ Richard Murphy on tax and corporate accountability Wed, 07 Jan 2009 20:36:01 +0000 http://wordpress.org/?v=2.6 By: Chris Steel http://www.taxresearch.org.uk/Blog/2008/02/06/guernsey-why-has-there-been-no-investigation-of-its-rampant-money-laundering/#comment-373426 Chris Steel Thu, 07 Feb 2008 14:22:05 +0000 http://www.taxresearch.org.uk/Blog/2008/02/06/guernsey-why-has-there-been-no-investigation-of-its-rampant-money-laundering/#comment-373426 Stuart, The percentage of housholds living on/or less that median income in Guernsey and Jersey is higher than that of the UK. Jersey's spending on social protection as a percentage og GNI is less than all 27 EU States, and all of the OECD States bar South Korea and Mexico. That's what being a small island tax haven, with a single economy (finance industry) has done for Jersey. Stuart,

The percentage of housholds living on/or less that median income in Guernsey and Jersey is higher than that of the UK.

Jersey’s spending on social protection as a percentage og GNI is less than all 27 EU States, and all of the OECD States bar South Korea and Mexico.

That’s what being a small island tax haven, with a single economy (finance industry) has done for Jersey.

]]> By: Stuart Jones http://www.taxresearch.org.uk/Blog/2008/02/06/guernsey-why-has-there-been-no-investigation-of-its-rampant-money-laundering/#comment-372123 Stuart Jones Wed, 06 Feb 2008 09:26:11 +0000 http://www.taxresearch.org.uk/Blog/2008/02/06/guernsey-why-has-there-been-no-investigation-of-its-rampant-money-laundering/#comment-372123 A relative worked in Guernsey for five years (not financial services) and was sickened by the gap between those in the financial services sector and the rest of the economy. This "turning a blind eye" is to make sure that the high-earners continue in their privileged position. Sadly it seems to be just the same in the UK. A relative worked in Guernsey for five years (not financial services) and was sickened by the gap between those in the financial services sector and the rest of the economy.

This “turning a blind eye” is to make sure that the high-earners continue in their privileged position. Sadly it seems to be just the same in the UK.

]]>