There was an article on Mondaq.com a few days ago entitled Guernsey - A World Class International Finance Centre. You have to take this seriously: Mondaq describes itself as:
one of the most comprehensive electronic resources of professionals’ knowledge and expertise. We provide legal, regulatory and financial commentary and information supplied directly by hundreds of the [...]
I was amused to read a story in the Guernsey Press and Star which had the headline:
GUERNSEY’S independence is seriously under threat from the EU and more has to be done to safeguard it.
According to the report the above was:
the overwhelming verdict from politicians gathered at La Trelade Hotel yesterday discussing the surrender of sovereignty [...]
There’s one thing you cannot accuse the Channel Island’s of: they do not lack self interest.
Take this from ‘This is Guernsey’ in a discussion on who to back for US President:
As you would perhaps expect, those on the Republican side seem much more favourably disposed towards economies such as our own.
But, with a whiff of [...]
The IMF is undertaking reviews of many offshore territories in 2008 with regard to their money laundering compliance.
Jersey is rolling out new legislation every few days as a result - which is sure evidence for me that external pressure works. And they have prosecuted one unqualified accountant for money laundering, which follows the normal pattern [...]
My correspondence with a member of the financial services community in Guernsey is continuing.
I have made a simple suggestion to him. This is that every bank in the Channel Islands and Isle of Man had a duty after 1 July 2005 to report all their customers to whom the EU Savings Tax Directive applied and [...]
I seem to have touched a raw nerve in Jersey and Guernsey with a recent blog (There are lies, d***ed lies and some in the offshore financial services industry).
Maybe it’s the word ‘lied’ they don’t like - but let’s be clear, the analogy was with the capacity of statistics to convey misleading information, for those [...]
Dennis Howlett was on the ball whilst I was away in Brussels that last couple of days.
First about the Revenue’s data loss. As he rightly said, this is an IT issue, not a tax one. Second, he was spot on to say that the ICAEW is wrong to say
that the causes are likely to be [...]
I note that Nick Shaxson has re-christened the Channel Islands the Selfish Isles on the TJN blog, and ne’er was a name so well chosen.
I’m afraid there’s another Selfish Isles story from this weekend to illustrate the point, this time from the Guernsey Evening Post, the partner to Jersey’s Evening Post. Peter Body, the editor [...]
The Jersey Evening Post had an article in its pages on Friday with the title:
Any truth in Murphy’s Law?
The Murphy is question turned out to be:
arch enemy of tax havens Richard Murphy.
I know that’s me because they referred to my blog from last Monday on the Isle of Man failing to secure EU approval for [...]
