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Category Archives: Jersey

Jersey is little more than an elected dictatorship

27-Aug-08

The Jersey Evening Post has reported that Guernsey’s Housing Minister, Dave Jones has condemned Jersey’s fledgling executive government system as a failure, saying:

Jersey went for a form of executive government that clearly is not working. Nor does it have a general election in the true sense of the word. It has a series of elections [...]

Jersey to VAT zero rate food? The IFS should take note

26-Aug-08

It’s curious to note in the light of recent discussion here that Jersey is planning, according to TaxNews.com, to change its newly introduced goods and services tax (or VAT by any other name) so that food will be subject to tax at 0% in the future.
As the Jersey Evening Post has said:

The Council of Ministers [...]

Our Island is overloaded with financial service companies that supply the mechanisms used for corruption, crime and tax avoidance in the developing world.

17-Aug-08

The following letter in the Jersey Evening Post is too good not to reproduce. I do so with permission of the author:

From Jean Andersson.
TWO sentences in particular in the Jersey Overseas Aid Commission annual report caught my eye, and I would like to respond to these.‘Year after year Africa is provided with money, but it [...]

Jeresey doesn’t deserve to be on anyone’s white list

12-Aug-08

The Jersey Evening Post has published an article saying:

AN Island firm with special expertise in regulatory law is deeply critical of the omission of Jersey from the European Union’s ‘white list’ of jurisdictions considered to have money-laundering controls equivalent to those in force in EU member states.BakerPlatt have produced a white paper on the issue, [...]

Jersey: not a ‘civilised society’

08-Aug-08

The Guardian has published an article today by Malcolm Johnson is emeritus professor of health and social policy at the University of Bristol . He says:

As adviser on ageing to the States of Jersey (the Jersey parliament) for more than seven years, I worked across the whole of government, and in particular health and social [...]

Jersey, where the rich just get richer

28-Jul-08

Deputy Geoff Southern is one of Jersey’s political opposition. It’s a brave thing to be.
He has a fascinating letter in today’s Jersey Evening Post. He says:
As a rule of thumb, wealthy residents can expect to pay 20% on their first £1m of (declared) Jersey income; 1% on the next £1m and 0.5% on the rest.
We [...]

Jersey, tackling the wrong issue, as ever

27-Jul-08

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 [...]

There’s something rotten in the State of Jersey

11-Jul-08

I had a very interesting conversation with a person who lives in the Channel Islands last week. He did not come from Jersey. The person in question has a strong reputation as a seasoned observer of society in the United Kingdom, and as a cogent commentator on matters relating to finance, but I cannot disclose [...]

Tackling round tripping: India fights back

09-Jul-08

The Economic Times of India has reported that:

The government is planning to scrutinise investments flowing in from tax havens such as Andorra, Aruba, Bahamas, Costa Rica and Dominica where investor details remain confidential due to banking policies.
According to sources in the department of industrial policy and promotion (Dipp), the government is concerned about Indian residents [...]

Jersey: costing £500 million in tax evasion to the UK a year, at least

08-Jul-08

Jersey has published its figures for tax retained under the EU Savings Tax Directive in 2007. The press release they put out is misleading. I thought it would be useful to compare the 2007 data with that for 2006 as an indication of how things are really going.
The data is as follows:

It’s important to note [...]