Channel Islands reject US 'tax haven' accusations

Two Bills brought before the Senate Finance Committee Hearing: “Offshore Tax Evasion: Stashing Cash Overseas”, put both offshore centres on an initial list of jurisdictions described as “tax haven countries”. The hearing is considering the best way to overcome the problem of US taxpayers evading local tax by placing their assets ‘offshore’ . Part of the evidence submitted by the senators who brought the Bill, is an initial list of “offshore secrecy jurisdictions” based on a 2000 register drawn up by the Organisation for Economic Co-operation and Development (OECD). As a result, Deputy Mi...