Tax havens not to blame

(Reuters):  Gibraltar’s leader Peter Caruana has said that tax havens are not to blame for the global financial crisis and should not be made scapegoats for the banking sector’s woes. “Everybody knows where the cause is and it’s not in Jersey, it’s not in Guernsey, it’s not in the Isle of Man, it’s not in Switzerland, it’s not in Gibraltar," he said. The global financial crisis stemmed from events in the major finance centres of the world — New York, London and Frankfurt and one or two centres in Asia, Caruana added. Go to article.