Tax Havens

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Isle of Man Finances Praised

The IMF report found that the Manx banking system had a limited exposure to market shocks, with a ‘very sound’ level of capitalisation. The insurance sector was found to be similarly well regulated, also with ‘considerable resilience against shocks’.

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Dubai Growing Fast – 5,000 New Residents Per Week

Dubai is becoming increasingly popular with Britons – not least because many can live there tax-free. Over 50,000 Britons have now moved to Dubai, among them the current UK snooker champion, Peter Ebdon.

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Own Your Own Country

The world’s smallest country is for sale. Although not recognised as a country by any other country, Sealand is outside the UK’s three-mile limit and, as such, a judge ruled in 1968 that it is beyond the jurisdiction of the British Government.

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