I kid you not. This is what the Jersey Evening Post says this afternoon:
Jersey has got a role to play in helping the UK economy return to growth, Treasury Minister Philip Ozouf told Tory Chancellor George Osborne in Tokyo yesterday.
The Senator secured 30 minutes with his Westminster counterpart after a chance meeting at the largest meeting of world finance ministers.
Let's just consider that for a moment. One of the world's top flight tax havens - where there is not a penny of real money, just bank accounts recording that money is being hidden from tax authorities and regualtors the world over - is, according to George Osborne going to save the UK.
Who's more crazy? Osborne for saying it or Jersey for reporting it as credible?
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Ermm… Isn’t it the Jersey man telling Osborne about Jersey’s role? I realise that they are probably equally deluded, but it does seem Ozouf’s turn this time.
Ermm….seems like Osborne’s happy to partake in it
How “odd”, the same Mr Field wrote a piece for City AM today.
http://www.cityam.com/forum/lack-capital-and-onerous-hmrc-rules-are-restraining-tech-start-ups
I’ve reproduced the main gripe here:-
“The government could solve this problem by allowing qualifying early stage tech companies to reward executives with shares on an ad hoc basis that could be held escrow by HMRC, but would not crystallise any taxation in the year they were awarded. Instead, a tax charge could be levied (on the individual rather than the company) on withdrawal of the shares from escrow, which presumably would only happen once there was a liquid market for them that would establish their fair value.
The downside for HMRC would be the delay in levying tax, but the only net loss would be the employer’s national insurance. And the simplicity of collecting the tax would more than offset this. Also, if venture capital was used not for meeting PAYE bills but expansion and development, it would be HMRC that would reap the reward from the uplift in economic activity.”
It seems the Far Right are focussing heavily on tax at the moment. No coincidence that the PBR is just around the corner. I wonder what is on the cards? This is purely idle speculation, but could it be that it is to be announced that corporation tax rates are to be slashed in PBR perhaps to put them on the par with our neighbour across the Irish sea?
Is the tax haven UK masterplan in progress?
Oh joy oh joy welcome to UK, the (corporate) welfare state!!
What will we end up with a “free market” for the plebs and “socialism” for the elite and the multinationals?
I think the offshore jurisdictions within the British Isle believe they have a role to play alongside Westminster. Here for example is a clip of Isle of Man Chief Minister Allan Bell forging links at the Conferences:
http://www.manxradio.com/newsread.aspx?id=61872
This of course coming from a Treasury Minister who hasn’t even been able to deliver growth in his own jurisdiction. Hardly one to go round giving other jurisdictions advice!
Jersey’s economy is shrinking, unemployment is going up and they have had to raise tax on the poorest.
Further to that, whilst the UK is in a double dip recession, Jersey never even left recession at all!
I think he is still on the marching powder. He is definitely on something.
Jersey is Westminster and Westminster is Jersey.
They are both inextricably linked by fraud, deception and perversion too offensive to detail here. Until this affiliation is destroyed the public will continue to be fooled by bxllshit announcements like this.
The news item will be based purely upon marketing spin sent to the Jersey Evening Post by Jersey Finance (aka Geoff Cook).
This is not journalism, that newspaper is the Jersey government’s propaganda outlet.
Such news items are intended to keep islanders in blissful ignorance of the reality of situation.
They say everything is just fine and dandy, but their actions suggest that the States of Jersey is on the brink of collapse.