{"id":43908,"date":"2019-01-03T09:00:13","date_gmt":"2019-01-03T09:00:13","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=43908"},"modified":"2019-01-03T09:00:13","modified_gmt":"2019-01-03T09:00:13","slug":"jersey-gets-on-another-tax-haven-blacklist","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2019\/01\/03\/jersey-gets-on-another-tax-haven-blacklist\/","title":{"rendered":"Jersey gets on another tax haven blacklist"},"content":{"rendered":"

This comes from the Channels Islands Bailiwick Express:<\/a><\/p>\n

\n

Jersey has been dubbed a blacklisted \u201ctax haven\u201d alongside 20 other jurisdictions by the Netherlands, as the country aims to clamp down on tax avoidance.<\/p>\n

It\u2019s the first time the island has officially been blacklisted by an European Union nation, having last year escaped a list compiled by the EU Code Group naming and shaming 17 countries as part of a bid to curb the estimated \u00a3500billion annual losses to aggressive tax regimes.<\/p>\n

Instead, Jersey was warned it must introduce tougher measures as it was placed on a \u2018watch list\u2019 with Guernsey and fellow Crown Dependency the Isle of Man.<\/p>\n

But, despite having worked to introduce legislation aimed at stopping \u2018shell\u2019 companies from being set up for tax purposes on their shores, all three have now been placed on a new list by the Netherlands, which appears to take a harsher view than the EU.<\/p><\/blockquote>\n

No surprise there then. As I've explained, time and again<\/a>, Jersey is on an EU greylist, and subject to continuing review.\u00a0 it is not in the clear as yet with regard to blacklisting by the Commission.\u00a0 And, in my opinion, its attempts to avoid blacklisting will fail because the reality is that in December 2017\u00a0 Jersey admitted that it collected information on fewer than 15% of the companies registered in the island and the claim that it can now collect data on all of them for the purposes of proving economic substance does, itself, lack all the substance of credibility.<\/p>\n

However, it's also fair to point out that the\u00a0 Netherlands is acting hypocritically as well. As I have argued since <\/a>2006,\u00a0when I was one of the first to do so,\u00a0 the Netherlands is itself a tax haven, and remains one despite reforms the taken place since then. If its list, and that of the EU, was to be really effective it should be blacklisting itself.<\/p>\n","protected":false},"excerpt":{"rendered":"

This comes from the Channels Islands Bailiwick Express: Jersey has been dubbed a blacklisted \u201ctax haven\u201d alongside 20 other jurisdictions by the Netherlands, as the
 Read the full article…<\/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":[6,7,80,32,97],"tags":[],"class_list":["post-43908","post","type-post","status-publish","format-standard","hentry","category-isle-of-man","category-jersey","category-secrecy-jurisdictions","category-tax-havens","category-tax-justice"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/43908","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=43908"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/43908\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=43908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=43908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=43908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}