Tax havens: All good things come to an end.

Like a host of other micro-states which are predominantly tax havens and offshore finance centres, the Channel Islands have been identified by a variety of agencies, including the United Nations Office for Drug Control and Crime Prevention, the European Union and the Organization for Economic Co-operation and Development, as global problems. In the estimation of the OECD, they are sufficiently threatening to merit inclusion on a hit list of islands in the sun. What has happened to bring these obscure statelets under international scrutiny?