Thought to be a UK tax haven as of March 2009, these islands in the English Channel are to the northwest of France.
Financial services - banking, fund management, insurance - account for about 23 per cent of employment and about 55 per cent of total income.
Light tax and death duties make Guernsey a popular tax haven.
Jersey
This Channel island is in the northwest of France.
Jersey's economy is based on international financial services, agriculture, and tourism.
Light taxes and death duties make the island a popular tax haven. Living standards come close to those of the UK.
A stranded unmanned freighter lies beached on La Capelle reef on the island of Guernsey. | Photograph: Kieran Doherty/Reuters
Also read: India's 13 most debt-ridden states
| Live updates on money.rediff.com |
|
Advertisement
