Rightwing thinktank published a report saying tax havens boosted the wider economy
A report by the Institute of Economic Affairs (IEA) rubbishing the idea that offshore financial centres were “hotbeds of tax evasion” was paid for by the Jersey financial services sector.
Jersey Finance, which represents banks, law firms and accountants in the Channel Islands crown dependency, gave an undisclosed sum to support the publication. It claimed tax havens boosted the wider economy and that they did not diminish tax revenues in other countries. It also called for their status to be protected.