LOOPHOLE CORNWALL?

3 July 2012

Last August I wondered about Cornish nationalism looking to Guernsey as a possible model for governance for a devolved/semi-independent/independent/autonomous/self-governing Cornwall. Although the nationalist interest is governance not the financial model, I do not believe they can be easily separated. I think the economy and finance underpin and are central to the success of any constitutional entity in the world whether or not recognised formally in a constitution.

In the succeeding months I have looked at the Guernsey financial model and Guernsey as a tax haven and the biting reality of what that means; the story did not get better as my posts on this show. The financial touches on governance and Guernsey is not a model for Cornwall.

Now comes a series in the Guardian and another story about the Channel Islands, dubbed in a scathing editorial the the Loophole Islands. The latest Guardian article on Guernsey is here.

Read too ‘Guernsey dreams up another way to abuse the world and shift money to tax havens’ from the Tax research UK blog, 27 June 2012.

The crown dependency governance model means that the Loophole Islands are responsible for their own taxation policy and they have used that to create tax havens. I wish to move away from the original story to another one; there are legitimate questions here beyond governance. I find partitive nationalism’s views on the funding of an autonomous Cornwall vague and asked some questions most recently here. Let me add to them. Exactly what are partitive nationalism’s economic and financial vision and ambitions for a self-governing Cornwall? What would be Cornwall’s desired financial arrangements with England and the rest of the UK, assuming the UK survives the Scottish referendum? Would that Cornwall be responsible for its own tax policy, setting its own rates and raising all the income it needs from within Cornwall? Would it then look to emulate the crown dependencies? Would it, for example, seek lower company and personal tax rates? Would it additionally seek to create in effect a Loophole Cornwall? Have a look at the article in the Scotsman linked at the foot of this post.

A time for clarity, I think, from the various and diverse strands of Cornish nationalism.

Earlier posts on Cornwall and Guernsey
Cornwall and Guernsey: yet more 4 December 2011

Cornwall and Guernsey again 9 November 2011

More for Cornwall to ponder on Guernsey 18 September 2011

Cornwall and Guernsey 31 August 2011

And this from the BBC: Guernsey government may be model for Cornwall 23 August 2011

And this story in the Guardian 26 November 2011.

This article in the Scotsman for 19 June 2011 asks whether the Loophole Islands are a model for an independent Scotland.


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