Is Guernsey a separate country

Old Dec 30th, 2015, 04:28 AM
  #21  
 
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As a Brit I am happier about doing business with companies "in Guernsey" than I was in the past due to more serious diligence from Westminster but I am still careful. From my point of view I would look at the Isle of Man as more trustworthy than Guernsey or Jersey with Delaware lower down the list and Caymen even further down before I hit rock bottom in Cyprus and anything with the word Dutch in it.

In a previous life I used to sell large industrial products to some dodgy places and we employed "a spook" to "manage" the risk which involved everyone from the Carlisle group and the Iranian National Guard both of which we treated with some concern.

Delaware and Cyprus was always a Red tag.
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Old Dec 30th, 2015, 04:35 AM
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A friend is the nephew of the now deceased 'Dame of Sark' ( grandmother I think of the current 'Seignuer' ). He told us that it was a possession of the Queen that was was ruled by the Dame/Signuer as long as they kept pirates off the island.

Sark was occupied by the Germans in WW II
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Old Dec 30th, 2015, 05:52 AM
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In the 1980's Delaware changed their laws to make it advantageous to incorporate there. But of which companies are you fearful? The Federal government including the SEC and IRS still has jurisdiction over certain matters.

There are scandalous tax laws but those are national.
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Old Dec 30th, 2015, 06:03 AM
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IMD just generally, my spook and I considered tax dodging was an indicator of the criminally minded and so should be put on par with Russians hiding their money on Cyprus. We more normally traded with American companies based in other states.

In the event the use of bank guarantees made all non European/US (exc Del) contracts pretty tight wherever the deals were done, our only issues where when companies got hoity-toity which was a good indicator they had a cash crisis. Many a time a Russian/Scottsman/Brazilian etc would "try it on" and we just advised them that we were stopping work until they felt it was time to get back to contract. Trumps re-negotiation concepts would have gotten him nowhere ;-)
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Old Dec 30th, 2015, 07:01 AM
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Ack

We (Scotland) will take you.

Constitutionally,we can offer a nuclear deterrent, great walking, unlimited single malt, haggis shooting after the 12th August and the right to bare you a**** under a kilt.

Doubt Obama currently matches that.

We currently have mid and South Atlantic holiday playgrounds, Nantucket will fit well into the portfolio.
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Old Dec 30th, 2015, 08:39 AM
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I used to be in charge of a domestic regulatory unit for a Fortune 10 company. And the states that were most corrupt were LA and FL. After the 80's DE did not like the rep they earned and tightened things up. I hated doing business in LA and Fl.
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