The truth about tax havens
As the river of money flowing into Jersey became a tide, he expressed unease about the origins of some of it, much of it from Africa, but he was brushed aside.
The concentration of extremist attitudes in Jersey was self-reinforcing, as Christensen explains. “Most liberal people like myself left,” he said. “My socially liberal friends from school, almost all of them left Jersey to go to university, and almost all of them didn’t go back. I can’t tell you how dark it felt.” He almost left, but was persuaded to stay by academic researcher Mark Hampton, who was putting together a framework for understanding tax havens and convinced him how important it was to understand the system from the inside. “I went undercover,” Christensen said, “not to dish the dirt on individuals and companies, but because I couldn’t understand it – and none of the academics I spoke to could either. There was no useful literature.”
Jersey is riddled with elite, secretive insider networks, typically linked to the financial sector. Read More
Read in conjunction with The Spiders Web: Britiains Second Empire