Jersey is $491bn tax haven

By the end of last year the international super-rich had stashed assets worth $491bn in Jersey in order to 'illegally avoid tax', according to a new report.

This staggering figure - nearly five times the annual global aid budget - comes from authoritative US-based financial think-tank Tax Analysis. It will heighten concern that the UK government is failing to crack down effectively on international tax evasion.

Nick Mathiason - the Guardian