Archive | Channel Islands

British Colonies Braced For ‘Hurricane Brown’ Assault on Tax Evasion

Britain’s crown dependencies and overseas territories are scrambling to defend themselves against the latest rhetoric issued by high-tax countries. Supposedly ‘leading’ offshore centres are pleading for a more discriminate approach to distinguish themselves from the ‘dirtier’ unregulated tax havens. Geoff Cook of Jersey Finance, which represents the island’s financial industry, says: “The thing we worry […]

Continue Reading
Isle of Man coat of arms

Manx on e-Gaming Winning Streak

The Isle of Man Government and the private sector have worked very hard to ensure that the island has a world class infrastructure and full range of Support Services in place for the e-gaming industry. Recently a new survey of leading e-Gaming companies in the Isle of Man has estimated its online gaming sector grew […]

Continue Reading
Thumbnail image for Offshore - The Dark Side of the Global Economy

Offshore Wizardry

Today the Guardian published an article by William Brittain-Catlin, he’s the author of Offshore: The Dark Side of the Global Economy, and an investigator with the risk consultancy Kroll. The insightful report was titled: How offshore capitalism ate our economies – and itself Convoluted networks of tax havens became a model for the abstract financial […]

Continue Reading

Gambling on the Isle of Man

The business section of the Isle of Man Today newspaper reported this week that Internet gambling is the fastest growing sector of the Manx economy, bucking the economic slowdown trend with the prospect of new businesses and new jobs being created on the island over the next few years. More than 360 jobs have been […]

Continue Reading

Guernsey’s Statement to US Senate

At a hearing held on 3rd May entitled ‘Offshore Tax Evasion; Stashing Cash Overseas’ the United States Senate Finance Committee considered how it could overcome the problem of US taxpayers evading local tax by placing their assets ‘offshore’. Information exchange was seen as one of the solutions suggested that could help the US treasury close […]

Continue Reading

Offshore Web Host

Tax Efficient Hosting With Netcetera at Internet World 2007 Netcetera, Europe’s leading web host, is attending Internet World 2007, the UK’s largest B2B Internet event taking place at Earls Court from 01 to 03 May 2007. The company, the only offshore web host taking part, will showcase the tax efficiencies of hosting any E-Business venture […]

Continue Reading

Offshore Tax Evaders Amnesty Bid

A partial amnesty is to be offered to people who have evaded tax by moving their funds into an offshore account. People that own up to tax evasion will pay back taxes with interest and be fined 10% of the tax owed. However, if they do not come forward they face a full Revenue & […]

Continue Reading

Alderney Appoints Senior E-Gambling Executive

Alderney, part of the UK’s Channel Islands, has appointed a prominent e-commerce executive to head up the jurisdiction’s already successful e-gambling sector. The Alderney Government (known as the States of Alderney and regarded as being globally at the forefront of eGambling regulation), announced yesterday that they had appointed Robin Le Prevost to drive their burgeoning […]

Continue Reading