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This is well in line with my former blogs on egidethein.blogspot.com and the French language blog feierwon.blogspot.com. Well in line, but it still is a surprisingly fast and brutal blow at a not so much expected place. One could have assumed some biased protection from the British tutor for some time. This is the most serious signal that tax havens and "paradis fiscaux" are to be smoked out. Those who push the startegy, expect to repatriate billions of tax dollars/euros/etc.
The Guernsey Income Tax (Zero - 10) system basically is taxing resident companies at 20% on worldwide income. But companies that are wholly owned by non-residents and have no Guernsey source income are subjected to either 0% or 10% corporate tax since 2008.
The consequences of the war on tax havens will be immeasurable on those jurisdictions, the Channel Islands and many Caribbean Islands. I would argue that the powers out there might well have to intervene in support of the economies of most of their targets.
Alea jacta est!
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