There was a depressing debate in parliament whilst I was away, promoted by Mark Field, the Tory MP for the City of London, in which he praised the role of tax havens. To call it a debate may be a misnomer though – only Tories took part, and so absurd was the discussion that the
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There’s a new report out on the secrecyjurisdictions.com web site. It’s entitled Key Data Report 2: Financial Services-to-GDP-ratio The report looks at the contribution of the financial services sector to the overall economy of each secrecy jurisdiction surveyed. As we note: A high share of financial services in the overall economic activity of a country
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The Jersey Evening Post has reported: JERSEY could face a new £60 million tax ‚Äòblack hole’ by 2012. The panel of expert economists who advise the Treasury Minister and the States have warned that a ‚Äòstructural deficit’ in States finances is emerging. And they say that States Members have to act now to tackle spending
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I thought it worth pulling out the consultation questions in the Foot Review Interim Report into British Offshore Financial Centres (note the title: it says a lot). They are: 1. What is the short to medium term outlook for the financial centres covered by this Review? 2. What are the implications of this outlook and
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