Last week it was KPMG who were shouting that the Channel Islands that Jersey and Guernsey should not cooperate with the UK on tax issues.
This week it is Grant Thornton. As the Jersey Evening Post reports:
A LEADING financial professional has urged the States to tell the UK that Jersey has had enough of what has become a ‘one way relationship' and refuse to sign up to a tax disclosure deal.
John Shenton of Grant Thornton says that Jersey and Guernsey need to ‘stand firm' and reject a tax deal with the UK like the one the Isle of Man agreed to last week.
By their words shall we know them. And on this issue it is clear that these accountants are supporting the opacity that permits tax abuse in all its forms.
No wonder we call them the pinstripe mafia.
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Don’t forget that one of the seniors at Grant Thornton in Jersey a few years back was one Terence Augustine Le Sueur, later Chief Minister.
Grant Thornton got it right. It is a one way relationship. The UK provides protection and stability to the Channel Islands, and they in return undermine our tax take!
Surely if Jersey is a financial services hub, a great place to do business and not just a centre for UK tax avoidance/evasion, a little transparency won’t hurt their economy…
Of course Jersey will use every excuse to resist agreeing to the UK looking into those from the Uk hiding their Tax Free money here, and as ever it totally contradicts the proclamation that Jersey is not a Tax Haven, but an open and well regulated Finance center, that statement is getting to be more rediculous as time goes by.
Agreed John
Good to have it said from Jersey