{"id":41584,"date":"2018-05-01T06:28:19","date_gmt":"2018-05-01T05:28:19","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=41584"},"modified":"2018-05-01T06:28:19","modified_gmt":"2018-05-01T05:28:19","slug":"jersey-capitalisms-dubious-friend","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/05\/01\/jersey-capitalisms-dubious-friend\/","title":{"rendered":"Jersey: capitalism&#8217;s dubious friend"},"content":{"rendered":"<p>Jersey<a href=\"https:\/\/www.gov.je\/News\/2018\/Pages\/UK-Bill-Constitutional-Position.aspx\" target=\"_blank\" rel=\"noopener\"> issued this comment on its government<\/a> website yesterday:<\/p>\n<blockquote><p><strong>Chief Minister meets UK Ministers to address constitutional concerns\u00a0<\/strong><strong>with amendments to Sanctions and AML Bill\u00a0<\/strong><\/p>\n<p>The Chief Minister made the following statement after his meetings with UK Ministers today:<\/p>\n<p>\u201cFollowing meetings with UK Ministers and senior officials today, I am reassured that the UK Government recognises both our constitutional position and our strong track record on meeting international standards of transparency. As a result, the Government has tabled its own amendment to the Sanctions and Anti-Money Laundering Bill passing through Parliament, that does not attempt to impose legislation on Jersey.<\/p>\n<p>\u201cThis amendment, if passed, would properly respect our constitutional relationship. I believe this reflects Jersey\u2019s leading position in having already established registers of beneficial ownership and effective procedures for information sharing that prevent the island from being used for money laundering and terrorist financing. If public registers were to become an international standard, we will consider implementing such a policy in the same way as we have other international standards in this area.<\/p>\n<p>\u201cThe speed with which the UK Government has intervened on this issue demonstrates the value of our close co-operation and our centuries of shared heritage.\u201d<\/p><\/blockquote>\n<p>I have to disagree. I think it shows the current government's\u00a0dedication to supporting the City of London and its spider's web of secrecy jurisdiction that maintain a steady flow of untraceable funds to the UK.<\/p>\n<p>Today we will find out on which side parliament sits on this issue.<\/p>\n<p>In the meantime Jersey delivers the standard\u00a0excuses for inaction that undermines the level playing field in the\u00a0international tax system and any vestige of fair competition, which\u00a0makes them somewhat\u00a0dubious friends of the free markets they claim to believe in.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jersey issued this comment on its government website yesterday: Chief Minister meets UK Ministers to address constitutional concerns\u00a0with amendments to Sanctions and AML Bill\u00a0 The<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/05\/01\/jersey-capitalisms-dubious-friend\/\"><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":[7,32],"tags":[],"class_list":["post-41584","post","type-post","status-publish","format-standard","hentry","category-jersey","category-tax-havens"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/41584","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=41584"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/41584\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=41584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=41584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=41584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}