Classifier Instance:

Anchor text: Reuters
Target Entity: Reuters
Preceding Context: Financial services, such as banking, fund management, and insurance, account for about 32% of total income. Tourism, manufacturing, and horticulture, mainly tomatoes and cut flowers, especially freesias, have been declining. Light tax and death duties make Guernsey a popular offshore finance centre for private equity funds. However, while Guernsey is not a member of the European Union, the EU is forcing Guernsey to comply more and more with its rules. As with other offshore centres, Guernsey is also coming under pressure from bigger nations to change its way of doing business. Guernsey is changing the way its tax system works in order to remain OECD ( and EU ) compliant. Tax contributes 20.6% of GDP. From 1 January 2008 it has operated a Zero-Ten corporate tax system where most companies pay 0% corporate tax and a limited number of banking activities are taxed at 10%. As a result it is confronting what it terms a financial "black hole" of forty-five million pounds or more according to some estimates which it aims to fill through economic growth and indirect taxation. Guernsey now has the official ISO 3166-1 alpha-2 code GG and the official ISO 3166-1 alpha-3 code GGY; market data vendors, such as
Succeeding Context: , will report products related to Guernsey using the alpha-3 code. Guernsey also has a thriving non-finance industry. It is home to Specsavers Optical Group, which manages the largest optical chain in the UK and Ireland and also operates in Scandinavia, the Netherlands, Australia, New Zealand and Spain. Healthspan also has its headquarters in Guernsey.
Paragraph Title: Economy
Source Page: Guernsey

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