Jersey, tackling the wrong issue, as ever

Posted on

The Jersey Evening Post has reported that:

A LEADING Jersey finance company has been closed down by the Jersey Financial Services Commission following a police investigation into investment schemes which allegedly led to Islanders losing hundreds of thousands of pounds.

Serious no doubt, and appropriate, I am sure. But let's be clear: Jersey's tax corruption industry could easily be costing the UK £500 million a year in lost tax. And what does Jersey do about that? Precisely nothing at all. Instead it knowingly promotes new legislation that allows tax evaders to perpetrate their trade.

Which makes their financial services regulation a farce.