Over the last 10 years The Crown Dependencies: Jersey, Guernsey
and the Isle of Man, have in their own ways sought to distance
themselves from the label of 'tax havens'. Jersey and
Guernsey in particular have determined to separate themselves from
other offshore jurisdictions. They have done this by distinguishing
themselves as major asset management and wealth centres alongside
Luxembourg, Zürich or Geneva, as well as by political dialogue
and by being first adopters of change as it has come about, whilst
all the while recognising the need to maintain a healthy and
vibrant finance industry.
Panama Papers, Paradise Papers, Data leaks and other revelations
have not negatively affected the Channel Islands; indeed the
opposite has been true where investors have seen the Channel
Islands as secure and a safe place to invest through. These
revelations have been met with changes to the way the Channel
Islands operate and communicate. Each has led to developments
(Common
