The UK government has published the final report (PDF) of Michael Foot's review of the opportunities and challenges facing the British crown dependencies (Guernsey, Isle of Man, Jersey) and six overseas territories (Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, Turks and Caicos Islands). HM Treasury asked Michael Foot, chairman of the UK office of Promontory Financial Group, to lead the independent review of British offshore financial centres announced in the Pre-Budget Report 2008. The review considered the long-term opportunities and challenges facing the British crown dependencies and overseas territories as financial centres, which have been brought into focus by recent financial and economic events. The review was designed to identify opportunities and current and future risks (and mitigation strategies) to their long-term financial services sector, which include: Financial supervision and transparency.
Taxation in relation to financial stability, sustainability
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