I was on Radio Guernsey yesterday morning.
My main point was that Guernsey is a tax haven or secrecy jurisdiction as I prefer to call them. I explained that secrecy jurisdictions are 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.
Guernsey's Chief Minister reponded. As BBC Guernsey report:
Guernsey's Chief Minister Peter Harwood has defended the island's finance industry against an accusation that it damages UK tax revenues.
Richard Murphy, from the Tax Justice Network, said the island was deliberately going out of its way to undermine other countries' tax systems.
Deputy Harwood said: "The remedy lies with the jurisdictions who feel that they are losing tax."
Deputy Harwood described Mr Murphy's comments as "a load of rubbish" and said Guernsey was under no obligation to assist the UK in collecting revenues.
I think the last comment says it all, and confirms all I said.
Thanks Deputy Harwood: case conceded by you, I think.