{"id":4806,"date":"2009-09-16T19:44:18","date_gmt":"2009-09-16T17:44:18","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/2009\/09\/16\/lets-get-jerseys-achievement-in-context\/"},"modified":"2009-09-16T19:44:18","modified_gmt":"2009-09-16T17:44:18","slug":"lets-get-jerseys-achievement-in-context","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2009\/09\/16\/lets-get-jerseys-achievement-in-context\/","title":{"rendered":"Let&rsquo;s get Jersey&rsquo;s achievement in context"},"content":{"rendered":"<p>I think there are those who think I have been churlish for not congratulating Jersey for <a href=\"http:\/\/www.imf.org\/external\/pubs\/cat\/longres.cfm?sk=23274.0\" target=\"_blank\">getting the equal best IMF \/ FATF compliance<\/a> score, ever.<\/p>\n<p>Well, I don&rsquo;t and won&rsquo;t agree. <\/p>\n<p>Of course I&rsquo;m pleased Jersey has better rather than worse compliance. That has to be good.<\/p>\n<p>BUT and that&rsquo;s in caps because it is a big but, what does all this prove?<\/p>\n<p>Jersey does not require accounts on public record.<\/p>\n<p>Jersey does not have a register of trusts \u2014 and has massively abusive tax law.<\/p>\n<p>Jersey has very few Tax Information Exchange Agreements. Tiny amounts of information is exchanged.<\/p>\n<p>No beneficial ownership data is made available. <\/p>\n<p>So what does FATF compliance really mean? I&rsquo;ll summarise it like this: Jersey knows who commits the crime, but that does not mean it does anything at all to stop the crime.<\/p>\n<p>That&rsquo;s what I mean when this system does not work. And I say that because it does not work. Period. Data is only useful if used. Nothing in this process lets those who need this data use it. So it fails. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>I think there are those who think I have been churlish for not congratulating Jersey for getting the equal best IMF \/ FATF compliance score,<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2009\/09\/16\/lets-get-jerseys-achievement-in-context\/\"><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],"tags":[],"class_list":["post-4806","post","type-post","status-publish","format-standard","hentry","category-jersey"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/4806","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=4806"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/4806\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=4806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=4806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=4806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}