And Jersey says it is not a tax haven

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From today's Jersey Evening Post:

DOZENS of super-rich immigrants are to be lured to Jersey with the promise of lower taxes under plans being drawn up by the Treasury.

Senator Philip Ozouf [the Finance Minister] is hoping to attract 15 tax exiles to Island shores a year by lowering the amount they have to pay on their worldwide income.

However, in return for the more generous tax rates, they would be required to pay at least £125,000 in income tax a year and 20 per cent on their Jersey income.

It is hoped that the lower rates will increase the cash coming into Island coffers, because more 1(1)ks would be bringing more of their money to be managed in Jersey — thus creating jobs and other indirect sources of income.

And despite that Jersey still has the nerve to say it is not a tax haven, which pushes the bounds of credibility to their limit.




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