More homeless as recession hits » News » This Is Jersey.

The Jersey Evening Post reports:

THE true extent of Jersey’s homelessness problem has been revealed by a special JEP report.

A steep rise in the number of people using the Island’s homeless shelters — which are full to bursting point — is being blamed on the credit crunch, while Islanders are still regularly being found sleeping rough.

And many of the new admissions to the shelters are people the Shelter Trust has never met before.

This is the reality of tax havens: they create divided societies. The difference between them and other societies is that they do not do this by chance, they do it deliberately.

It's the consequence of being secrecy jurisdictions - places that intentionally create regulation for the primary benefit and use of those not resident in their geographical domain. That regulation is designed to undermine the legislation or regulation of another jurisdiction. To facilitate its use secrecy jurisdictions also create a deliberate, legally backed veil of secrecy that ensures that those from outside the jurisdiction making use of its regulation cannot be identified to be doing so.