Pennies from haven
Last week’s huge leak of the ‘Paradise Papers’ has put the Channel Islands and the Isle of Man in the spotlight. But the original tax haven was actually New Jersey, not Jersey.
— New Jersey was struggling financially in the 1880s until governor Leon Abbett liberalised the state’s incorporation laws.

Disagree with half of it, enjoy reading all of it
TRY 3 MONTHS FOR $5
Our magazine articles are for subscribers only. Start your 3-month trial today for just $5 and subscribe to more than one view
Already a subscriber? Log in
Comments
Join the debate for just £1 a month
Be part of the conversation with other Spectator readers by getting your first three months for £3.
UNLOCK ACCESS Just £1 a monthAlready a subscriber? Log in