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 [...]
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 [...]
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 [...]
Also filed in
|
|
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 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 [...]
The Jersey Evening Post has reported that:
Independence is well within Jersey’s grasp. In a document that goes further towards setting out a blueprint for independence than anything yet published, the Constitution Review Group found that there were no insurmountable reasons why the Island could not become totally self-governing. The group, which includes Sir Philip Bailhache, [...]
Deeply confusing and contradictory messages are coming out of the Channel Islands.
Guernsey has submitted its evidence to the Treasury Select Committee hearing on Offshore Financial Centres and says Guernsey is
* An effective regulatory regime that meets or exceeds international standards on financial regulation, anti-money laundering and controlling the financing of terrorism;* International co-operation on regulation [...]
This evening there is a private view for a new exhibition of art in Jersey. Some is from my friend and local activist Pat Lucas. More is from a nun, Sister Peter. The theme of the exhibition is Jersey, Island of Beauty and Contradictions.
Pat’s works emphasise this with regard to the tax haven status of [...]
The FT has reported that:
A former UBS private banker has pleaded guilty to charges that he conspired to help a US billionaire evade income taxes after agreeing to co-operate with prosecutors in the case.
They added:
“He’s going to tell the government everything he knows about what was going on at UBS,” said Danny Onorato, attorney for [...]
The Telegraph has reported that:
A row has broken out between the Channel Islands and the European Union over a decision to leave the tax havens off a ‘white list’ of countries deemed to have satisfactory controls against money-laundering.
Jersey, Guernsey and the Isle of Man have been placed by the EU on an ‘intermediate’ list of [...]
