The future of tax havens and how it affects Britons working overseas

The Economist magazine ran an excellent article this week on the new business model that offshore tax havens are considering  in face on an ongoing onslaught by aggressive tax agencies in the US and EU. From Cyprus to Liechtenstein to Cayman Islands to the British Virgin Islands and Cook Islands, the offshore tax havens are regressing with the latest tax haven to give up bank secrecy being Luxembourg. Pressure is also growing on Austria and it may be a matter of time before Austria too gets tax religion. Funnily enough the best and safest offshore tax havens happen to be right under the very noses of the most aggressive tax agencies - the US State of Delaware and the UK offshore islands of the Isle of Man and the Channel Islands.