Sunday, Dec 13th, 2009
Britain’s financiers and entrepreneurs are leaving the country at the rate of 10 a week to avoid rising taxes, it has emerged.
The number of directors of British companies who have registered in the Channel Island tax havens of Jersey and Guernsey, along with the Isle of Man has risen by almost 500 in the past 12 months.
All three are Crown Dependencies and as such can set their own tax rates.
The British Virgin Islands, a popular tax haven in the Caribbean, has seen an 18 per cent rise on a year ago.
Full article here