Open for business

As a result of EU tax harmonisation measures, Jersey, along with the majority of the other offshore financial centres, will be required to adopt proposals which will impact the tax payable by corporate entities resident in the island. On the face of it, this could be viewed as interference by the EU in the domestic affairs of a non-EU member and resisted at all costs. The alternative view is that it gives the island the chance to demonstrate to the EU that it does not engage in harmful tax practices and for the island to promote its excellent infrastructure, location and the quality of t...