Guernsey

The Channel Islands maintain tax information exchange agreements (TIEAs) still have a future despite plans to move to automatic exchange agreements.

Guernsey and Jersey intend to follow the Isle of Man's move in committing to automatic exchange of information, but concerns of a level playing field prevail.

The UK property market will face fresh competition for offshore investment money as funds in the Crown Dependencies will soon be able to invest in French property without prohibitive French tax charges.

I am not one for being overly negative but I think it is fair to describe the global economic conditions as gloomy. Guernsey has not been completely immune from these pressures however so far we have been able to shelter from the full force of the storm....

The spotlight is certainly on offshore centres at the moment with talk from newly elected President Obama about closing down tax havens, which has been quickly echoed by other world leaders such as Gordon Brown who perhaps sees an opportunity to divert...