Meeting the red tape challenge

guernsey

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Graham Parrott of Ernst & Young looks at some of the well publicised tax changes facing the island, and considers the outlook for investors and for the financial services professionals that cater to them

Guernsey has experienced more than two decades of continued growth and prosperity. This has undoubtedly benefited those living and working there. It has also been a reliable location for funds and a place of interest for investors. Given the geographical proximity and the excellent banking and communication links to the UK, it has been of particular interest to UK resident - but not domiciled - investors seeking to organise their affairs in the most efficient way possible. Factors such as a stable political regime, access to markets, a first rate but flexible regulatory regime and a ben...

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