Jersey is latest jurisdiction to unveil tax amnesty

The Channel Island of Jersey, which has a population of only around 100,000, has become the world’s latest jurisdiction to unveil a tax amnesty – joining the ranks of countries around the world that have moved to take advantage of the threat that a soon-to-take-effect system for automatic exchange of information poses for those who have undeclared financial assets. In a statement posted today on Jersey’s Gov.je website, the island’s Treasury provides details of the new scheme, which is due to run until the end of this year. “This means islanders will be able to tell the Taxes Office i...