Sentence examples for offshore dependencies from inspiring English sources
But Britain should also coax its offshore dependencies into greater openness.
The Isle of Man has become the first of Britain's offshore dependencies to exchange tax information automatically, as opposed to merely on request.
Who exactly will determine when the spirit has been infringed is a matter for speculation.Britain's offshore dependencies were facing a tougher future even before this bout of reforming zeal.
Ed Miliband, the party's leader, has taken aim at Britain's offshore dependencies, such as Jersey and Bermuda, threatening them with blacklisting even though they are more compliant with global anti-money-laundering standards than most OECD countries.
Britain has forced a similar arrangement on its offshore dependencies, such as the Cayman Islands and Bermuda.As a result, automatic exchange looks to many like the global standard-in-waiting, especially given the backing it has received from the G8 and G20.
However, British crown dependencies and offshore tax havens were ranked separately.
Once this has been done so often that the funds are almost impossible to trace, a company is set up in another offshore location – usually a British dependency such as the British Virgin Islands – to buy an expensive property in London.
Dale Vince, founder of Ecotricity said: "Ed Davey yesterday said offshore wind was the answer to Russian gas dependency, while today the industry suffers a colossal blow from SSE - due to government policy uncertainty.
The City is a semi-offshore state, a bit like the UK's crown dependencies and overseas territories, tax havens legitimised by the Privy Council.
Several tax havens point out that there are economic reasons the UK should resist disturbing the status quo, particularly for those crown dependencies that do a busy trade servicing the offshore financial needs of the non-domiciled super-rich, permitted by the UK government to live in Britain without paying income or capital gains tax on overseas earnings.
"None of the overseas territories or crown dependencies operate a properly transparent public register of offshore companies, trusts and foundations," writes Christensen, who in his early career worked in the trust industry on Jersey, later being appointed economic adviser to the island's government before quitting to become a tax and transparency campaigner.
