Welcome to OFFSHORE
WATCH. Almost everyone's
pension and savings now pass through the offshore havens that have
sprung up since the 1960s. These offshore havens are
highly secretive and encourage wealthy individuals and transnational corporations to avoid paying taxes
in the countries in which they live and operate. All over the
world,
the press
and regulators frequently report that the offshore havens are
associated with money laundering, drug trafficking, smuggling, tax
evasion and other forms of organized crimes. Many of these havens are
UK Crown Dependencies. Successive British governments have turned a
blind eye to the affairs of the Channel Islands , the Isle of Man and other
dependencies.
AABA has
provided a forum for discussion and analysis of Offshore
havens. Your contribution is most welcome. It should be sent to Prem Sikka
(prems@essex.ac.uk) or to John Christensen (john@taxjustice.net). John
is
a former
economic adviser to the government of Jersey.