Jersey risks being blacklisted by the EU again

Jersey risks once again being included in the EU's tax haven blacklist after "deficiencies' were identified in a new law created to tackle harmful tax practices and secure the island's reputation. A review from a senior official from the OECD Forum for Harmful Tax Practice has revealed that the new legal framework for economic substance is not up to the organisation standards and in need of amendments. The changes required are said to be "minor". Still, External Relations Minister Senator Ian Gorst has warned that failure to make them "would damage Jersey's reputation and could result...