This was published in the Jersey Evening Post on 30 December (I only reproduce part, and only do that because I cannot find the article on their web site):
The article continues by quoting extensively from my blog before adding that:
I will look forward to that. But right now Jersey looks to be on the back foot. It's been there before of course, having been so almost continuously in its tax relationship with the EU from 2005 to 2012. This time it is different though: as the EU has made clear sanctions could be imposed in months unless Jersey gets its act together as it is now required to do.
I look forward to watching this progress with interest in 2018.
I rather hope Guernsey, the Isle of Man, Cayman, Bermuda and the BVI are also taking note.
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If it’s not Ireland, it will be another country. The laws for companies training in/out of a country need to be tighter before tax loop holes will go.
Overall this appears to be part of a net that is slowly tightening and deliberately allowing time for the affected parties to make adjustments. Although it does seem that the companies and other tax dodgers are the ones that are being given time. All things going well I can’t see the the tax havens surviving in the long term.
It will take time but this is a war that is being won, battle by battle
And Jersey knows it
This is the EU Anti Tax Avoidance Directive that some say may have been the reason for Cameron setting the UK on the Brexit path to avoid these anti-tax avoidance measures on U.K. based companies & his rich chums…..
And given that this only reproduces OECD rules to which the UK does anyway sign up I say that is a nonsense argument
Good, one step at a time. But these companies will start creating new clever ways of withholding funds they don’t want public purses to benefit from, so tax specialists and lawyers will keep on their toes I’ve no doubt.
Ade
The EU Anti-Tax Avoidance Directive was, I can honestly tell you, very easily avoided. It certainly wasn’t the reason Cameron took this country over a cliff!