Jersey is an island in the English Channel that has been used as a tax haven after Britain began imposing capital controls and high taxes on inheritance during the great depression. This article goes into detail describing the history of finance on Jersey island. In recent years the island has fallen on hard times and there have even been talks about the island facing bankruptcy. Tourism and finance has long been a crucial part of Jersey’s economy, but recent years have not been kind to this industry. This article discusses the history of Jersey being hit really hard by the financial crises in 2008. Now the island faces an uncertain future as political leaders discuss ways to revitalize its economy.
See Oliver Bullough, The fall of Jersey: how a tax haven goes bust, The Guardian, December 8, 2015.
