As the Jersey Evening Post has recorded:
JERSEY faces a review by the EU Code of Conduct Group on Business Taxation in September over the discredited ‚Äòzero-ten’ corporate tax system.
The review had not formally been announced in Jersey, but the news slipped out because Guernsey is celebrating avoiding the assessment by committing early to a 10% corporate tax rate across the board.
I did, of course, break this story first on this blog.
And as a Jersey correspondent has said to me tonight:
Extraordinary isn't it.
They said all that time ago.....Of course we're EU compliant.....of course we are.....we've got it in black and white....
And they wonder why we don't trust them and don't know what to believe any more?
Quite so. John Christensen, Prem Sikka, Austin Mitchell and I have been vilified in turn over the years in Jersey for pointing out obvious truths.
And over those years the politicians of Jersey have said time and again Jersey’s tax system was EU compliant – and it was all agreed in writing.
It never has been.
We were right all along.
Not a hint of apology has been offered by those politicians to the people of Jersey for their having misled them for so long.
I don’t care that the politicians vilified me, and I doubt my colleagues. But the people of Jersey should be very angry indeed.