Guernsey, Jersey and other havens rake in revenues from global minimum tax

Offshore financial centers like Guernsey and Jersey are set to see a significant increase in revenue following their decision to raise corporate tax rates in line with the OECD's global minimum tax rules. This move is expected to bring in more income from multinational corporations that continue to operate through these havens. The implications of this could reshape the global tax landscape, making it harder for large companies to exploit lower tax rates in lower-tax jurisdictions. For these regions, it's a strategic win, balancing compliance with international tax norms while bolstering their own fiscal health.