Guernsey's decision to opt for a withholding tax regime has been met with criticism, but its supporters argue that it sends a clear message to its global customers that it remains an independent, competitive and flexible centre
Finance centres like Guernsey have had to evolve in recent years from being somewhat introspective ' while also very successful ' to concerning themselves much more with the way that they are perceived externally. The driver for this change has been the much debated ' and arguably unwarranted ' scrutiny from bodies such as the OECD and the EU, and the need to maintain competitiveness in an increasingly global marketplace. Challenges to accepted practices which developed over decades to become industry standard have galvanised the perhaps formerly disparate industry sectors within ...
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