Jersey Finance says ActionAid claims are irresponsible

The ActionAid report released last week states that "Ordinary people and small and medium-sized businesses in both developing and developed countries lose out when companies use tax havens to avoid their taxes. Given the ongoing economic crisis, government action is urgently needed to wean companies off their addiction to tax havens." The report goes on to say that all tax havens should be forced to share information with tax authorities, not only in rich countries, but also in developing countries that want to receive it, by supporting multilateral tax information exchange initiatives. ...