The UK's Inland Revenue at the last minute pulled out of its talk on offshore tax evasion in Jersey because of 'political pressure' ahead of the pre-Budget statement that could flag up changes to domicile and offshore funds.
The Jersey Taxation Society was left the day before the conference on the Inland Revenue's various offshore initiatives, still trying to contact all delegates about its postponement until January. The Inland Revenue told the conference organisers that its last minute cancellation was caused by 'political and practical pressure due to the forthcoming pre-Budget statement'. International Investment understands from a source close to the Inland Revenue that one of the headline speakers, Peter Twiddy at the Capital Taxes Office, which looks after inheritance tax, has been put in charge of the...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
