AIC supports Channel Islands' offshore role

Daniel Godfrey, director general of the AIC, outlined how the impact of offshore centres on the UK's tax-take has a high profile at the moment, and acknowledged that it is entirely understandable that MPs want to look into the matter. However, he believes the issues raised by this area are diverse and complex. Godfrey noted that debates on this agenda often start with a presumption that 'going offshore' is inherently undesirable. He argues that, in fact, using domiciles such as the Channel Islands can secure significant consumer benefits as it allows AIC members to offer investment strate...