{"id":19226,"date":"2013-02-11T08:27:12","date_gmt":"2013-02-11T08:27:12","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=19226"},"modified":"2013-02-11T08:27:12","modified_gmt":"2013-02-11T08:27:12","slug":"jersey-continues-the-downward-spiral-to-more-tax-haven-abuse","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/02\/11\/jersey-continues-the-downward-spiral-to-more-tax-haven-abuse\/","title":{"rendered":"Jersey continues the downward spiral to more tax haven abuse"},"content":{"rendered":"<p>Jersey's <a href=\"http:\/\/www.statesassembly.gov.je\/AssemblyPropositions\/2013\/P.020-2013.pdf\" target=\"_blank\">planning a new law<\/a>. Under it, as they say:<\/p>\n<blockquote><p>The purpose of the Regulations, therefore, is to enable foreign companies to act as\u00a0directors of Jersey companies.<\/p><\/blockquote>\n<p>Now it is claimed there are certain safeguards in place, and let's be clear, I am well aware companies can be\u00a0corporate\u00a0directors in the UK (which is no excuse to allow it\u00a0elsewhere) but the reality of this move is that just as the world is\u00a0demanding\u00a0more\u00a0accountability\u00a0and more\u00a0transparency Jersey is creating a new layer of opacity where even if the director of a Jersey company is properly disclosed it can be a company in another\u00a0secrecy\u00a0jurisdiction\u00a0which could in turn have a\u00a0director\u00a0in another secrecy jurisdiction and on...and on....and on.<\/p>\n<p>The madness of tax haven abuse continues, and Jersey remains at its forefront.<\/p>\n<p>Until w have full\u00a0disclosure\u00a0of\u00a0beneficial\u00a0ownership - that is the names and addresses of the real warm\u00a0bodied\u00a0people behind all companies - this abuse will continue. Cameron has to deliver that at the G8. But I am not in the slightest bit confident.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jersey&#8217;s planning a new law. Under it, as they say: The purpose of the Regulations, therefore, is to enable foreign companies to act as\u00a0directors of<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/02\/11\/jersey-continues-the-downward-spiral-to-more-tax-haven-abuse\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,7],"tags":[],"class_list":["post-19226","post","type-post","status-publish","format-standard","hentry","category-corruption","category-jersey"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/19226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=19226"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/19226\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=19226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=19226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=19226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}