Random Interesting Facts

From Liquid assets, Julia Bell recalls an unromantic trip to a tax haven in the Times Literary Supplement:

“There are about 4,400 islands in British and Irish waters, but this number includes only those that are over half an acre in size and are islands at all states of the tide. Of that number 210 are inhabited, and 850 are in the Republic of Ireland. If you include the islands that are only visible at low tide, the figure rises by another 6,000 or so. Jersey forms part of an archipelago, including Guernsey, that is closer to France than Britain, protected from the full force of the English Channel and the Atlantic by the Cherbourg peninsula to the east and Brittany to the south. They are ostensibly a Crown Dependency, which means that the British Sovereign is responsible for their security and safety, and their governance is a throwback to William the Conqueror and the formation of the Duchy of Normandy. Jersey is a Bailiwick. The term emerges from the Old French word for bailiff – bailie – and it refers to an area of land over which a bailiff has jurisdiction. The Bailiff of Jersey is chosen by the Crown, which means that Jersey has a strange insider/outsider status in its relationship to Britain. Jersey’s laws are supervised by the UK, but it is also classed as an independent state, which means that it is possible to run business there that has no tax relationship to the mainland.”

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