GUERNSEY Finance has robustly defended the island from claims that a global push against international tax evasion has failed to stem the flow of funds to tax havens.

TAX revenues could drop by up to £10m. a year if the States makes the changes to zero-10 that the EU looks set to demand, local experts have warned.

PART of Guernsey’s zero-10 corporate tax regime has been deemed harmful by the EU, but no decision on the systems future has yet been made.

GUERNSEY’S zero-10 corporate tax regime is under review by Europe.

GUERNSEY is well placed to be a jurisdiction of choice for structuring the affairs of sports stars and celebrities, according to leading UK-based tax advisers.

A JOINT venture between PKF (Channel Islands) and UK US Tax Services has resulted in the launch of a new US tax reporting service for financial institutions.

RISING spending on social security is in danger of making Guernsey a high-tax jurisdiction, the States was told yesterday.

TREASURY has moved to clarify the tax law on non-resident entertainers performing in Guernsey.

EXTENDING the deadline for tax returns and imposing an immediate automatic penalty for late one will make the process less administratively intensive, Treasury and Resources has said.

THE three Crown Dependencies are in danger of going bankrupt, tax avoidance campaigner Richard Murphy claimed yesterday.