Guernsey woos US

clock

Guernsey has bolstered its relationship with the US political establishment which now views the island more favourably than before according to Lyndon Trott, Guernsey's chief minister.

Offshore jurisdictions such as Guernsey have recently been branded "tax havens" by President Obama who has vowed to crack down on tax evasion and avoidance by US Multinational companies. Trott led a delegation to Washington to build on Guernsey's OECD "white listing" and reinforce the island's credentials as a transparent and co-operative low-tax jurisdiction though over a dozen meetings with senior council to Democrat and Republican senators. These included meetings with representatives from the Senate Finance Committee, the Joint Committee on Taxation, the Multistate Tax Commission an...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Offshore Investment

FCA charges advice duo over 'reckless' high-risk pension investments

FCA charges advice duo over 'reckless' high-risk pension investments

Stephen Joseph Burdett and James Paul Goodchild have also been fined

Hope Coumbe
clock 24 May 2024 • 1 min read

New awards will celebrate excellence in Channel Islands financial services

Entries now open - deadline for submissions 8 June 2016

Professional Adviser
clock 17 March 2016 • 1 min read

Who won at the International Fund & Product Awards 2015?

Canada Life International, Schroders, and Old Mutual International among winners

Professional Adviser
clock 08 October 2015 •