Economy‘It’s unrecognisable’: How being a tax haven has changed Jersey

Jersey’s low taxes and corporate secrecy have drawn global billionaires and multinational companies, making offshore finance central to its economy. But many islanders feel left behind and priced out, while the model has damaged the island’s reputation and faces growing competition. The government is pursuing a £31m plan to cut red tape, diversify and attract new business, including crypto assets.

Jerseytax havenoffshore financecost of living

TThe Guardian★★☆☆☆2026-09-21 04:00Original