There was a fascinating comment in the Scotsman newspaper this morning:
David Mundell, Scotland Office Minister, said that any comparison between Scotland and the [Crown] Dependencies was "completely misplaced".
He said: "They are on a completely different scale to Scotland and their function is also completely different, that of providing a different tax environment. Scotland is an industrial country with an entirely different profile to the Channel Islands."
So now we know: apparently it is UK policy that the Crown Dependencies provide a 'different tax environment'.
Official confirmation of all Nick Shaxson has argued in Treasure Islands if ever I heard it.