{"id":18349,"date":"2012-11-26T22:27:26","date_gmt":"2012-11-26T22:27:26","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=18349"},"modified":"2012-11-26T22:25:44","modified_gmt":"2012-11-26T22:25:44","slug":"jersey-confirms-that-it-is-true-that-the-uk-is-demanding-full-automatic-information-exchange-from-it","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/11\/26\/jersey-confirms-that-it-is-true-that-the-uk-is-demanding-full-automatic-information-exchange-from-it\/","title":{"rendered":"Jersey confirms that it is true that the UK is demanding full automatic information exchange from it"},"content":{"rendered":"

The Jersey Evening Post<\/a> has reported tonight that:<\/p>\n

\n

AN emergency delegation is flying to London for talks after news emerged of a dispute with the UK about an anti-tax evasion treaty which could have severe implications for the finance industry.<\/p>\n

Chief Minister Ian Gorst has confirmed that the UK is threatening to block a major deal that would see information about all US citizens\u2019 bank accounts in Jersey handed to their tax authorities.<\/p>\n

It is because the UK wants the same information about its residents with accounts held in the Island.<\/p>\n

It is a demand that is widely regarded as the latest attempt to crack down on so-called \u2018tax havens\u2019 and the dispute threatens to become a serious issue if it goes unresolved.<\/p>\n<\/blockquote>\n

I think we can take that the leak I commented on during Friday was correct, despite people being incredulous at the time.<\/p>\n

Now three questions arise.<\/p>\n

The first is why this has been kept secret in the UK and Jersey. After all, FATCA was not secret.<\/p>\n

Second, we need to know why an official response to parliament's international development committee on this issue was so misleading when it stated there to be no such plan.<\/p>\n

Third, we need to know when this will happen and whether I will be extended to the Overseas Territories as is clearly possible. That would transform the debate on the British Virgin Islands as noted in the Guardian today and Panirama tonight.<\/p>\n

There is much mileage in this story yet. <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Jersey Evening Post has reported tonight that: AN emergency delegation is flying to London for talks after news emerged of a dispute with the
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