Jersey brands Miliband's criticisms as inaccurate

Mr Milband wants the Government to clamp down on tax havens in the Channel Islands and also raise the issue at EU-level as it looks at ways to reduce the deficit. Jersey Finance published as strongly worded statement in reply noting its disappointment when political leaders make inaccurate accusations about Jersey without reference to the “positive contribution that Jersey and the other Crown Dependencies make to the broader UK economy. Once again the confusion between the terms ‘tax avoidance’ and ‘tax evasion’ creates a false impression of Jersey’s co-operative, well-regulated offshore...