The Guardian has another blog under the above title, addressing the issues of Jersey, Guernsey and the Isle of Man. I have commented as follows:
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These are my links for February 4th through February 5th:

• Senate votes down tax break for Lilly, others | IndyStar.com | The Indianapolis Star – Repatriation of profits has been rejected

  Thank goodness

• FT.com / Companies / Financial Services – SEC ‘illiteracy’ to blame for Madoff affair – They were taught to think that greed is good

  We have to think another way

  But be warned: those who do are ridiculed

• FT.com / UK / Business – Law firm partners face axe as cuts continue – The mighty are fallen
• FT.com / Companies / Banks – US credit card delinquencies at record high – The next debt crisis is on its way
• FT.com / Brussels – Brussels signals rethink on labour rules – Scrap all progress towards Doha for a start
• Brown backs international action on tax avoiders | – That would require a serious change of his spots

  Given that the evidence is signing some toothless tax information exchange agreements I am not inclined to think it has happened

• Hypocrisy and the double standard | Cayman News Service – Tim Ridley, former chairman of the Cayman Islands Monetary Authority is a man with whom I don't agree on much – but with whom I can do business.

  He's right on tax cheats and Delaware in this one and its beholden on me to say so.

  He's also very, very wrong on the benefits of offshore, as usual. Some things don't change. 🙂

• Taxpayers’ Alliance gives green light to corporate tax avoiders : Labourist | Where open minded people come together – Amusing

  And I'm sure it's true

• William Brittain-Catlin: How offshore capitalism ate our economies – and itself | – If I'm honest, this is not wholly accurate

  But it's worth a read

• EC announces plans to crackdown on cross-border tax evasion – Accountancy Age – But this has to be extended to tax havens covered by the EU STD as well

In all the debate about the future of tax havens one issue should not be overlooked. The current credit crisis is absolutely crucifying them. Take
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The Guardian have noted that a proposal to charge a turnover tax has been made by at least commentator on its Tax Gap series, with
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The Guardian has published a thoughtful blog by ex tax inspector Richard Brookes this morning criticising the Revenue’s tax risk weighting system for large companies.
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From the Guardian: Brown presided over the tax system for 10 years, ushering in much anti-avoidance legislation but also several business-friendly reviews and “light touch”
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John Christensen has written his own blog for TJN on the Jersey responses to Monday’s Panorama, in which he appeared. It’s well worth reading. But
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This from Prem Sikka: [T]he US statistics show that just five banks have derivatives with a face value of some $170tn (see page 12 here).
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The Jersey lobby have been spitting fire and indignation post Panorama on Monday. Things like: It is good to see the record is starting to
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