Finance Industry Employees Support Cuts to Public Spending Ahead of Personal Tax Increases
Those working within Jersey’s finance industry would support greater cuts to public spending before increases to personal taxes are considered, according to a Jersey Finance survey. Further to the recent States of Jersey consultation papers on Personal Tax and Government Spending Cuts, Jersey Finance surveyed employees working in the finance industry to gain their views on the Government’s...
Read MoreJersey Finance Survey – Business Tax Review
Senior figures within Jersey’s Finance Industry have outlined their broad support for the jurisdiction’s current business tax regime and urged caution about the repercussions of making significant changes to it. Further to the recent States of Jersey consultation paper on Business Tax, Jersey Finance surveyed its member firms to gain their views on the Government’s business tax regime...
Read MoreStatement in response to TIEA with South Africa
Jersey Finance has welcomed the future signing of a Tax Information Exchange Agreement (TIEA) with South Africa. The purpose of such agreements is to provide for exchange of information which is of a substantive nature. Experience to date has involved disclosure in a number of cases where a robust proving process is satisfied before information is released to home tax authorities. The principal...
Read MoreExploring tax havens
During his tenure as president of Nigeria, Sani Abacha had a standing order to pay $15m a day of stolen government revenues into a Swiss bank account that he controlled. In 1999 the Economist estimated that African dictators held $20bn of stolen wealth in Swiss accounts alone – twice the continent’s annual debt repayment bill. Enron, that paragon of US turbo-corporatism, had more than 800...
Read MoreJersey Finance Comments on the Zero-Ten Tax Regime Review with the EU
Jersey Finance welcomes news that Jersey will soon have an opportunity to gain further clarity regarding the EU’s position on Jersey’s business tax regime. In October 2009 Jersey was advised that some EU member states did not consider the “zero-ten” tax regime to be within the “spirit” of the code of conduct. A review of Jersey’s fiscal strategy has been underway for some time ...
Read MoreJersey To Undergo EU Tax Review
Jersey Finance – the promotional agency for the island’s financial services industry – has confirmed that the European Union (EU) Code of Conduct Group will be carrying out its review of Jersey’s business tax regime in September. In a statement on June 8, Jersey Finance said: “We welcome the news that Jersey will soon have an opportunity to gain further clarity regarding the EU’s...
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