British island tax havens seek eastern promise

Reuters – The rocky islands that lie off France’s northern shores are angling for the new rich of Asia, as clampdowns on offshore tax havens and tougher regulation threaten their traditional sources of income.

Jersey and its Channel Island neighbour Guernsey, which are British, have since the 1960s thrived off financial services sold to wealthy people attracted by low, or no, tax rates and high levels of banking secrecy.

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