Credit to: Tax Avoidance News
The rise of non-UK domiciles has been one of the most significant developments in the sector over the past decade. Back in 2004, Channel Islands investment companies managed just ?5bn of assets. Today they manage just shy of ?40bn, accounting for more than 30 per cent of the sector. Though tax has played a role in this, this has had nothing to do with avoidance, but reflects the fact that the UK has taken time to develop a funds tax regime that is sympathetic to the asset classes that investors have been looking for in recent years.
any opinions about this guys?