According to the Jersey Evening Post today:
THE UK government is ‘very clear' that it will not allow Jersey to be branded as a dodgy tax haven, a senior British politician has pledged.
UK Secretary of State for Justice Chris Grayling, who was in the Island yesterday on what he called a ‘fact finding visit' after being elevated to the post last year, echoed Prime Minister David Cameron's recent show of support for the Island.
As if to reveal the true neoliberal heart of the Coalition the report continued:
He said: ‘We are very clear that we are not going to allow and we do not want to see Jersey branded as a dodgy tax haven, which is absolutely not what it is.
‘Jersey is a reputable financial centre which plays an important part in global and international politics and business, and it should be seen as such.'
I'd just remind the UK government that France has just blacklisted Jersey as a non-cooperative tax haven.
Only one government can be right. I'm voting with the French.
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Rather crudely you can put lipstick on a pig, but it’s still……
It does not matter one jot what the conniving Coalition say, Jersey will remain a tax haven. The crooks that run Jersey just want to crawl back under the rock into the darkness in order to continue leeching wealth from the UK and other nations.
I’m almost inclined to say that it’s irrelevant anyway in the long term.
The economic stats are out and Jersey is on the skids – GVA lowest for 15 years, fifth straight year of decline, a third of the finance industry is gone. The States continues to be run by the crooks, but the utterly incompetent are making a strong push to take power back. Business leaders have no more vision for the future than the States do. Tax havenry will continue, regrettably, but Jersey will soon no longer have a seat at the top table
If I miss the new GVA stats due out in the next few days can you remind me?
Perhaps the Justice Secretary is saying the islands are not tax havens because all they are doing is conforming to their legal obligations under the law!?
Are the Channel Islands leaching wealth from the UK? Don’t make me laugh! LVCR was stripped away and it didn’t make a blind bit of difference.
The UK is to blame for its own misgivings and incompetence.
If you want the tax playing field to be level, change the law!
So-called ‘tax havens’ will always be an easy target to cover up tasks that are in the ‘too hard to do’ tray.
Just saying it like it is!
I let this through although it fails the moderation policy
I note that being form an secrecy jurisdiction you couldn’t possibly have the courage of your convictions and admit who you are
You’re completely missing the point and trying to divert attention from the facts Richard!
I’m not advocating that the way the islands conduct their business is morally right on a wider scale, merely pointing out that they are still only undertaking what is required of them under the law!!!
Why shoot the innocent?
If you take issue that the law allows this to take place LEGALLY, then fight that battle. You won’t curry favour from inhabitants of such areas when they are actually doing nothing (legally) wrong.
Your moral crusade is applaudable and hopefully being done for the greater good (albeit you personally profit from it), don’t twist the real argument and avoid the issues by posting more questions to questions.
Just saying it like it is.
No you’re not saying it like it is
Jersey has been captured by finance
The laws are what finance makes them
Complying with corrupt law is not being innocent – it’s subverting the democratic process to undermine the democratic choices of other states
Do not suggest what is not true please
As for my profit? You resent me being paid? How very odd…..
You’re spinning again Richard.
Do I resent you being paid? No!
Did I say I resented you being paid? No!
What I did say is that as long as you incentive / focus (whatever term you wish to use) for levelling the playing field where tax is concerned is based on moral grounds, then I wish you well. My reference to you being paid was merely to point out that if your crusade is not because you believe it morally wrong that there is disparity in the tax system, then arguably we step towards the threshold of profiteering / benefitting by highlighting / scaremongering these issues – regardless of the validity of your claims.
You say that laws are corrupt, then get them changed – this should be the focus of your attention.
Some believe that laws are there to be broken. My view is that they are there to be abided by until they are no longer fit for purpose, then they should be updated to reflect the wishes of the democracy.
I’m sorry but complying with ‘corrupt law’ is being innocent. The view regarding any law being corrupt is purely subjective and the ‘guilty’ party should remain the government who passed it – not the individual who complied with its requirements!
Just saying it like it is (again)!
That is your last post
I am saying the legal system in Jersey has been captured for private gain so complying with it is not innocent – because the law is not
The failure is of the entire system
But you refuse to get that
Are you paid by Jersey’s PR agencies?
If it is my last post, then your readership will not see my reply – although you will obviously!
I do ‘get it’ Richard, but you fail to get that not all so called ‘tax havens’ follow the model that Jersey is accused of having!
Tar everyone with the same brush why don’t you!
I am certainly not paid by ANY PR agencies – and as for Jersey, they are the ‘other’ island! I am not resident there, I couldn’t care less the negative press the ‘Crapauds’ get.
Like I have inferred in a previous post, I am not advocating how any of the islands conduct their business affairs – however morally corrupt they are deemed to be. I don’t work in the finance industry, nor own a business so have no vested interest in whatever the future may throw up.
I just believe that where moral arguments exist, they should be tackled at their source as attempting to change the symptoms will not effect a cure!
Just saying it like I see it!
You are wrong
All behave that way
That’s what secrecy jurisdictions are
Secrecy jurisdictions are places that intentionally create regulation for the primary benefit and use of those not resident in their geographical domain. That regulation is designed to undermine the legislation or regulation of another jurisdiction. To facilitate its use secrecy jurisdictions also create a deliberate, legally backed veil of secrecy that ensures that those from outside the jurisdiction making use of its regulation cannot be identified to be doing so.