Offshore financial centres

On Monday the 19th May there was a question about the regulation of offshore tax havens, particularly the Channel Islands. I intervened as this is an interesting example of the constitutional position of these islands. Their financial activities are now subject to examination by the the OECD (Organisation for Economic Co-operation and Development http://www.oecd.org/home/0,2987,en_2649_201185_1_1_1_1_1,00.html ) but the British Governments powers are restricted by the constitution

 

http://www.publications.parliament.uk/pa/ld200708/ldhansrd/text/80519-0001.htm#0805195000005

This entry was written by Clive Soley, posted on 24/05/2008 at 9:45 pm, filed under Lord Soley and tagged , . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.

One Comment

  1. Senex
    Posted on 26/05/2008 at 07:59 pm |Permalink |

    The nub of the discussion is creative accounting. Perhaps UK taxpayers can have constitutional protection from the Treasury too?

    Reply

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