Jersey, Guernsey and the Isle of Man are all UK crown dependencies. Britain\’s 14 overseas territories include Bermuda, the Caymans, Gibraltar and the British Virgin islands. It is thought Foot believes the crown dependencies have taken significant steps to abide by international regulations. But there is concern that moves to reduce all three islands\’ corporation tax to zero may breach European tax protocols.
Umm, the Crown Dependencies are not actually in the EU are they? So why are the affected by EU laws on taxation?