CI duo baulk at US Senate haven listing

Jersey and Guernsey have been forced to defend their reputations as legitimate and well-regulated offshore finance centres after being included on a list of tax havens being examined by the US Senate. Jersey chief minister Senator Frank Walker and Guernsey chief minister Mike Torode have both written to the US Senate Finance Committee arguing they should not be included on the list which includes other jurisdictions such as the British Virgin Islands, Bahrain and Panama. The US government is looking at ways it can overcome the problem of US taxpayers evading local tax by placing their ass...