Tag Archive for Channel Islands

A dilemma on Sark

Baroness Valentine

I’ve spent the weekend on Sark, a 3 mile long Channel Island lying off the coast of Guernsey. It feels a bit like Cornwall/Britanny with lovely wild flowers and gorse. And a bit olde worlde, with horse drawn carriages and tea rooms serving scones. The island is politically independent of the UK and ruled by…

Offshore financial centres

Lord Soley

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…