Blacklisted tax havens face sanctions but the Channel Islands remain unscathed.

The G20 summit last week held more significance than usual for offshore financial centres and their customers. It was agreed that those countries that refuse to pass information to foreign tax authorities to help catch potential evaders will face sanctions in future.. . .

. . A group of angry customers of failed Icelandic bank Landsbanki, Guernsey, have been lobbying representatives of G20 nations urging them to put the island on a tax haven blacklist as it is not a safe jurisdiction for savings.

They argue Guernsey has done "next to nothing" to recover their savings, after the bank collapsed in October last year.09-Apr-09.

http://www.telegraph.co.uk/expat/5131148/Jersey-and-Guernsey-still-shine-as-sun-sets-on-offshore-tax-havens.html