Inside the World’s Top Offshore Tax Shelter

The island has its own parliament, judiciary and treasury, which prints its own currency stamped with the queen’s visage and pegged to the British pound. For purposes of free trade, Jersey is treated as part of the European Union and falls under many of the U.K.’s international treaties and compacts, but it has its own constitutional rights separate from the U.K., tracing back to the year 1204.