How do local people benefit from being a tax haven?

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The Jersey Evening Post reported a week or so ago that the price of an average three bedroom house in the island is now £470,000, inflated of course by the influx of foreign (to Jersey) finance industry workers, who have the effect of also keeping local average wages down at £31,000 a year.

So how can it be claimed that local people benefit from Jersey being a tax haven?


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