No, we're not talking New Jersey here. We're talking Jersey, Channel Islands. That place of which its First Minister, Frank Walker is prone to say I'm no friend. About which he's wrong (as ever). I'm a true friend of Jersey, just not of Frank.
But I do have friends in the place. Lots of them. And the TJN / ATTAC group there produce a newsletter, which you can get here. This points out some of the uncomfortable truths of living in this place. Like the fact that last month Jersey's parliament had discussion on exemptions in its new VAT / GST laws. As the newsletter notes, as a result of that debate Jersey's politicians decided that:
we must begin to tax apples, bread, bandages, books and wheelchairs
but that:
the same Treasury who so strongly opposed zero-rating these kinds of essentials, is quite happy to come forward with
plans to zero-rate repairs for conservatories and swimming pools.
This is what happens when accountants are allowed to design tax systems (as has pretty much been the case in Jersey where KPMG and PWC can be specifically identified as key drivers in the change process). The rich are allowed to get richer, and the poor get poorer. And remember, PWC are suggesting VAT / GST as the 'The win:win taxation systems of the future'. Who, my friends in Jersey are asking, are the winners?
I'm proud to know them. It takes guts to stand up and be counted in a place like that.
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Dear Attac friends in Jersey, it takes guts as yoy said to start fighting and carrying fighting in such a tax haven as Jersey. It’s difficult, here, on the Continent because the opposing financial forces are huge and well-organised, a world-round network.
Nonetheless, keep being strong and resolutely optimistic until you get solid results there.
Best regards,
Hi
Looks like tax havens are the pioneers of the future neo liberal world
All tax recipes from KPMG and the sort spread on all continents.
Tax on profit has an average rate droping sharply in the E.U.
Last news from Germany: the CDU-SPD government has plans to change Social Security taxes. Switching from proportionnal to revenu towards a set amount: same for everybody.
Unemployed germans will appreciate that.
We support you in Jersey, cause it’s like supporting ourselves in avance.
David