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A lot of UK financial companies base part of their operations in the Channel Islands, a notorious tax haven.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Wed Mar 22nd, 2006 at 02:59:46 AM EST
[ Parent ]
Yes but where is the actual money management done? In Jersey or in London?

Facts, selfish little bastards. They don't even care about your feelings.
by Francois in Paris on Wed Mar 22nd, 2006 at 05:42:42 AM EST
[ Parent ]
In London, of course.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Wed Mar 22nd, 2006 at 05:54:32 AM EST
[ Parent ]

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