Jersey’s PR campaign continues with report on Jersey’s “Value to Africa”

Following Jersey Finance’s various promotional materials including Value to Britain, its Moving Money report which claims to show the beneficial role of offshore centres, and its publications on Jersey’s links to Russia, China and India, comes a report on Jersey’s Value to Africa.

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The other side of tax havens: 8% of the Cayman workforce make less than 5.30 USD/hour

Not everybody in tax havens profits equally from offering tax avoidance services to multinationals, as noted by Richard Murphy yesterday commenting on Luxembourg Leaks. In Luxembourg, “the gain goes largely to the financial professionals within the duchy who effectively dominate its government.”

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