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Guernsey is an English-speaking low tax area, and is recognised as one of the world’s leading offshore financial centres. Although Guernsey forms part of the British Isles, it is not part of the United Kingdom or the European Union and enjoys constitutional and fiscal independence.
Guernsey is also unaffected by any actual or proposed harmonisation of taxes within the EU by virtue of its special relationship under Protocol 3 to the Treaty of Accession of the UK to the Community. This protocol excludes Guernsey from most of the effects of the treaty of Rome apart from those concerning trading and allows for the free movement of goods between the Island and EU member countries. The Island Government retains the right to determine and collect its own taxes.
This stable, attractive and sophisticated business environment has lured some of the world’s biggest financial institutions, plus, both the head offices of Specsavers and Healthspan are based on the island. |
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